There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that...
4HR and 1HR Timeframe depicts a double top. Price broke the neckline and is now currently retracing. Price is sitting at Fib Level 38.20% (Green Zone) - Price action indicates that bears have some momentum. I think bears will start to reach resistance right around Fib Level 50.00% if bears continue to remain strong last enter could be around Fib Level 60.00%. If...
Please as I said in the video keep in mind that this video is for educational purposes, its very far from any type of financial advise!
Feel free to comment and give me your opinion and constructive criticism.
Happy trading everybody!
a candle that opens below the bollinger bands lower band, then closes above it.
I can't take this trade, I am at my max capacity. Anyone else like this. If so why or why not. still trying to hone my charting skills and all input is welcome.
Pascal appears to be breaking out with 6 touches on the trend line including the wick at 0.00008019.
Can anyone suggest how to analyse from this how long the bullish trend can continue?
on the NZDUSD 60min chart I spotted a potential Bearish Bat Pattern.
The completion of the Bearish Bat Pattern offers a trading advantage and a chance to sell the
NZDUSD
Hello traders,
I see a potential BAT Pattern and eventually a ABCD Pattern on the 1hr chart.
the D leg from the Bat could come in nicely with the ABCD (D) Leg.
This pair is on my radar.
Note:
since I am still learning the Patterns etc. this is my Idea
I would be happy to hear what you guys think.
I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above
bearish trend
price has pushed back up to support/resistance area
12hr chart showing indecision candle
...
