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Support and Resistance

How i trade using engulfing candles Good afternoon gold gang! I thought i would jump on here with an educational piece on how i trade using engulfing candles along with my algo levels Whenever you get a big push in the markets, this may be a news item or simply a market open, we normally see a candle being "engulfed" .. now this means that the candle closed bigger than the previous .. imagine it over shadowing. When this happens, price likes to come back to collect orders from this level at some point in the future. Check the levels marked on my charts with a white box. The best englufing levels for me, occur at my algo levels. Observe the chart and see what i mean. Very powerful. I simply mark the level and await price to come back before making the decision to long or short it (based on the lower time frame confirmation) My algo levels are very powerful and are a constant draw on price as you can see .. they are not random and are always the same distance apart .. just look at the respect they get. Your homework is to go back on to the chart and mark all the engulfing candles you find on the 1 hour and above timeframe. See for your self how many times price comes back catch you this evening for the outlook!! follow along for more educational posts tommy
OANDA:XAUUSDEducation
by tommyXAU
2
Ultimate Guide For Trading INVERTED HEAD & SHOULDERS PATTERN Hey traders, Inverted head and shoulders pattern is a classic reversal pattern. It signifies the weakness of buyers in a bearish trend and a bullish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder), then the market goes lower setting a new low but instead of setting a new lower high, the price returns back to the level of a previous lower high setting an equal high (head). After that bears start pushing again but with an amplifying bullish pressure, the market sets a higher low and returns back to equal highs setting a new one (right shoulder). 🔔Equal highs form a horizontal structure called a neckline. Here is a perfect example of a completed inverted head and shoulders patterns, that was formed in a bearish trend on Gold on a 4H time frame. Once the pattern is formed it is still not a trend reversal predictor though. The trigger that is applied to confirm a trend reversal is a bullish breakout of a neckline of the pattern. Above, the breakout of the neckline is the indication of a confirmed bullish reversal. 📈Then a long position can be opened. For conservative trading, a retest entry is suggested. Safest stop is lying at least below the right shoulder. However, in case the heights of the right shoulder and head are almost equal it is highly recommendable to set a stop loss below the head level. 🎯For targets look for the closest strong structure resistances. After a retest of a broken neckline, Gold bounced. Entry was lying on a neckline, stop loss below the right shoulder, target was based on a closes strong resistance. Hey traders, let me know what subject do you want to dive in in the next post?
Education
by VasilyTrader
7
📈 Charting Lesson: What do I even look for in a chart?!Full-time trader here. Sharing some knowledge for free . If this helps you, show some love: follow me for more and like this idea. 👍 Why do I need a chart anyway? First, we need to convince you of why you need a chart. No problem. Let's say you're a fundamental analysis investor. The stock has to make sense. The stock has to last forever. It needs to be a growth stock. Let's say... NASDAQ:AAPL NASDAQ:GOOG NASDAQ:NVDA NASDAQ:TSLA is a good example over the last few years. Now that you found a good candidate, when are you going to buy? At an all-time high? At an all-time low? One share a day? One share a week? No. Buying a stock without looking at the chart is like driving with a blindfold. Don't do it. Pull up a chart. Observe past price action. Try to find a trend. Plan your entry. Do this even if you're going to hold for 20 years. When I pull up a chart, what do I look for? I just see a bunch of lines. Let's first make sure you are looking at the correct view. On the top left corner of your screen, you'll see your user icon. Next to it is the ticker. Next to it is the interval. Next to THAT is the chart type. Make sure you select "CANDLES". Not "hollow candles". Here's how it should look: Mine may look a bit different because I changed my theme. But the candles is what we care about. Now the juicy part. Support and Resistance are Key Reversal Levels. When you open a chart, the first thing you want to do is look for areas where the price has reached in the past and reversed or got rejected or bounced. For example, every time SPY reached 443.37 in the chart above, it reversed. Let's call this a, "key level". If the price is ABOVE that key level, the line is called SUPPORT. If the price is BELOW that key level, the line is called RESISTANCE. Using the horizontal line tool, make sure you have these key support and resistance levels on your chart. Try to ONLY buy near support and sell near resistance. If the stock is choppy, do your best. If you can't, skip it and go to another stock. There's thousands! Stocks, Currencies, and Cryptos Move in Trends. Up or Down. Next, try to find a "trend". A trend is something where if you connect the dots, the price jumps right from that straight line. Pull out your trendline tool and try to connect some dots. Don't go through any candle bodies. Going through wicks is okay. It's actually recommended. Three touches are required to make a valid trendline. If you see only TWO touches? Is the price going TOWARDS the trendline if you were to extend it? There's a good chance it's going to head towards that TL and bounce! Good job. You found a good trade potential. Identify Reversal or Continuation Patterns. Look for known patterns. In the example above, there is a "head and shoulders" pattern. This is a bearish reversal pattern. Know that not all patterns will come true. It's good to know the overall signal the market is giving. If every trader sees it, it's likely not going to happen. In the above example, a looming H/S pattern is scary given already bad economic conditions and recession/ inflation worries. In this case, the market may be trying to tell you something. Understand that these patterns are not just nice-looking drawings on a chart. They work because they display some sort of buyer/ seller psychology. I will post more examples of known patterns on my TradingView profile soon. Be sure to follow if you want to learn more. If you benefitted from this, you are welcome to follow me, comment any questions, or share this with your friends. Good knowledge should be free. I'll post more insight soon. Thank you for reading and for your continued support. 👍
AMEX:SPYEducation
by kingdips
3
What is Support & Resistance (S&R)? What Types of S&R?Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling further. The market moves because of differences in demand and supply. When demand is greater the price will rise, if the supply is greater the price will move down. Types of Support & Resistance: 1. Classic S&R The way to determine S&R in Classic S&R is using previous swing high and swing low as referece (picture no.1) The advantage of using this method is we can know previous S&R and we can use that as our reference to determine target profit, or stop loss area. The weakness of using classic S&R is when the price break S&R we don’t know the next S/R 2. Dynamic S&R The way to determine Dynamic S&R is using moving average. We determine high point & low point when price touch moving average diagonal line. (picture no.2) 4. Harmonic S&R Harmonic S&R Is useful to determine S&R when price in all time high. The weakness of Classic S&R is when the price break S&R we don’t know the next S&R, because of that we use Harmonic S&R to analyze the next target profit or loss area. We use Fibonacci methode (picture no.3) to determine S&R How we know this is a strong S/R or not? That is a strong S/R when the price touch the S/R area and the price have a strong movement. Function of Support & Resistance Support & Resistance makes us know if this area can be a price target area, so we understand if the price doesn’t always go up or down, so we must to take profit and we have to put a stop loss. In stock market activity, support & resistance prices indicate certain psychological levels, like: *) Support is the level where people buy shares at the lowest price and make a profit when the price rises. *) Resistance is the level where people have bought shares at the highest price and experienced losses because the price fell. That activity becomes a repeating pattern. People tend to buy at the support price because they know the price will rise and when the price is almost or already in the resistance area they will sell. In the Forex market, we can have 2 positions in the same time, So when the price is at the support we can make a purchase, and when the price is at resistance we can sell the previous position and in the resistance area we can also look for a selling position with a profit target in the previous support area and a stop loss area above the resistance area, because if price breaks through the resistance, price will continue to rise and create a new resistance. Notes: 1. The source of this writing comes from several ideas that I have read, heard, or experienced personally. So if those of you reading this post & feel this is your idea, Please allow me to share again, because maybe I also learn from you. 2. The topic of Fibonacci and Moving Average will be discussed at another time Thank You. 28 Sep 2023
BINANCE:BTCUSDEducation
by moca_nomic
The Dance of Support and Resistance in Forex and Gold 💃🏦✨ Support and resistance levels are like the heartbeat of the forex and gold markets, constantly pulsating with potential trading opportunities. But what happens when these vital levels flip roles? In this comprehensive guide, we'll explore the intriguing phenomenon of how support can morph into resistance and vice versa. Through real-world examples, you'll discover the dynamic interplay of these key levels and how they can shape your trading decisions. Understanding the Flip: Support Becomes Resistance and Vice Versa Support and resistance levels are fundamental to technical analysis, often seen as static lines on a chart. However, the market's fluidity means that these levels can switch roles over time. Let's delve into why and how this flip occurs: 1. Support Becomes Resistance When a former support level switches to become resistance, it's often due to a change in market sentiment. Traders who previously bought at that support level may now turn into sellers, creating resistance. 2. Resistance Becomes Support Conversely, resistance levels can transform into support zones when market dynamics change. Traders who previously sold at resistance may now view it as a buying opportunity, creating support. 3. Psychological Factors Psychological factors play a substantial role in this support/resistance dance. Traders' perceptions of key levels can influence their behavior. Breakouts above resistance or below support can trigger a herd mentality, leading to a swift role reversal. Understanding the fluid nature of support and resistance levels is a valuable tool for forex and gold traders. These key levels don't remain static; they evolve with changing market sentiment and events. By recognizing how support can become resistance and vice versa, traders can adapt their strategies and make more informed decisions. This dynamic interplay adds an exciting dimension to technical analysis and can be a significant asset in your trading journey. So, join the dance of support and resistance, and let it guide your path to trading success. 💃🏦✨ Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
4
How to Set Pending Orders For ForexHey Rich Friends, Today, I will explain how I use market orders when trading in the Forex Market. By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance. Here are 5 Types of orders you should know: 1. Market Execution: Buying or Selling at the current price in the direction you expect the market to go. Adjust your TP and SL accordingly. 2. Buy Limit: The entry point is set BELOW the current market, but the price is still expected to rise and continue buying. 3. Buy Stop: The entry point is set ABOVE the current market, but the price is still expected to rise and continue buying. 4. Sell Limit: The entry point is set ABOVE the current market, but the price is still expected to fall and continue selling. 4. Sell Stop: The entry point is set BELOW the current market, but the price is still expected to fall and continue selling. I hope this helps someone! - Peace and Profits, Cha
Education
0
by MoneyMantraCha
10
Why Daily Time Frame Analysis 📅🔍 Matters In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily time frame analysis in their forex endeavors. With real-world examples and insights, you'll discover how this approach can lead to trading success. The Significance of Daily Time Frame Analysis Daily time frame analysis offers several essential advantages that can significantly benefit forex traders: 1. Clarity Amidst Market Noise One of the primary benefits of daily time frame analysis is the reduction of market noise. Shorter time frames, such as the 1-hour or 15-minute charts, often exhibit erratic price movements that can confuse traders. By focusing on the daily time frame, traders gain a clearer and more stable perspective of the market's overall direction. 2. Work-Life Balance and Trading Flexibility Daily time frame analysis doesn't demand constant monitoring of the markets. This characteristic is particularly appealing to traders who wish to balance their trading activities with other commitments, such as work, family, or personal life. It enables traders to engage in forex trading without feeling overwhelmed or tethered to their screens. 3. Enhanced Risk Management and Strategic Planning The daily time frame provides traders with ample time to conduct thorough analysis and craft well-thought-out trading strategies. This extra time empowers traders to implement effective risk management practices, set appropriate stop-loss levels, and plan their trades with precision. Daily time frame analysis is a valuable tool that empowers forex traders with clarity, flexibility, and enhanced risk management capabilities. By prioritizing the daily time frame, traders can navigate the forex market with confidence and a broader perspective. This approach not only leads to more informed trading decisions but also allows traders to strike a balance between their trading activities and other aspects of their lives. In the end, focusing on the daily time frame can be a crucial step towards achieving trading success in the world of forex. 📅🔍💹 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
Tutorial: Range.Buy when the resistance level of the range is broken upwards. The stop is placed below the support level of the range or below the local support level within the range if the support level is near the accumulation level. The minimum target is the size of the range, postponed upward from the point of breaking through the resistance level. This corresponds to retracement levels of 0-50-100%. Other tutorials: Consolidation. Model 3W. Model "Head and Shoulders". ALB - basic idea.
NYSE:ALBEducation
by Gelium
3
Rising and Falling Wedges ExplainedWelcome to the world of trading patterns. If you appreciate our charts, give us a quick 💜💜 Today, we'll explore two important ones: the Rising Wedge and the Falling Wedge . These patterns can signal shifts in market trends. Let's dive in and see how they work. Rising Wedge: In an uptrend, the Rising Wedge hints at a bearish turn. It takes shape as prices find a middle ground between two upward-sloping lines, one as support and the other as resistance, both inching closer. As the price inches towards the wedge's tip, its upward push tends to fade, suggesting a potential shift to a downward trend. Your sell signal triggers with a bearish break beneath the wedge's support. Set a stop loss just above the wedge's highs. Aim for the next significant support level. Falling Wedge: Unlike the Rising Wedge, the falling wedge spells optimism in a downtrend. It emerges as prices consolidate between two downward-sloping lines, one providing support and the other resistance, both drawing nearer. As prices approach the wedge's apex, the downward momentum loses steam, hinting at a potential shift towards an upward trend. Your buy signal activates with a bullish breakout beyond the wedge's resistance. Place a stop loss just below the wedge's lows. Target the next notable resistance. Feel free to let us know your thoughts and if you have any questions. Your feedback is valuable and helps us improve. Happy trading!
Education
by Vestinda
21
The Power of Candlestick Encapsulation in Trading: Utilizing theTrading is a captivating and intricate field that demands a profound understanding of financial markets, investment strategies, and technical analysis. Among the many techniques employed by traders, candlestick encapsulation is one that can prove to be particularly powerful. In this article, we will explore the concept of candlestick encapsulation and how one can harness the 50% of the first candle's length as a potential support or resistance level. What Is Candlestick Encapsulation? Candlestick encapsulation, also known as an "inside bar," is a price pattern that occurs when a subsequent candle develops within the boundaries of the preceding candle. In other words, the price range of the second candle is entirely contained within the range of the first candle. This pattern can appear on any time frame, from daily candles to one-minute candles, and is often used by traders to identify potential turning points in the markets. How to Identify Candlestick Encapsulation? To identify candlestick encapsulation, follow these steps: * Examine the First Candle: Begin by observing the most recent candle on your price chart. This will be the "mother candle."
 * Take a Look at the Next Candle: Next, examine the candle that follows the mother candle. This candle should have a price range that is completely contained within the range of the mother candle.
 * Confirm the Pattern: To confirm candlestick encapsulation, the second candle must close within the range of the mother candle. Using the 50% Level as Support or Resistance Now that we understand what candlestick encapsulation is, let's explore how to leverage the 50% of the first candle's length as a potential support or resistance level. * Calculate the Length of the First Candle: Measure the length of the mother candle from its high to its low.
 * Calculate 50% of the Length: Now, calculate exactly 50% of this length. You can do this by adding the high and low of the mother candle and dividing by two.
 * Draw the Horizontal Line: Plot a horizontal line on your price chart at the level you calculated as 50% of the mother candle's length.
 * Observe Price Behavior: This horizontal line represents a potential support level if prices move below it or a resistance level if prices stay above it. Observe how prices react when they reach this level. Interpretation and Strategy The use of the 50% level of the mother candle's length as support or resistance can be applied in various trading strategies. Here are some important considerations: * Breakout Strategy: If prices break above the 50% level, there may be a potential bullish breakout. In this case, traders may look for buying opportunities.
 * Pullback Strategy: If prices return to the 50% level after a breakout, this could be an opportunity to enter positions in the direction of the prevailing trend.
 * Stop Loss and Take Profit: Traders can use the 50% level as a reference point to place stop-loss or take-profit orders. Conclusion Candlestick encapsulation is a technical analysis technique that can provide valuable insights into potential turning points in financial markets. By using the 50% level of the mother candle's length as support or resistance, traders can add another tool to their trading toolkit for making informed trading decisions. However, it is important to remember that no technique is foolproof, and trading always involves a degree of risk. Therefore, it is advisable to combine this technique with careful risk management and a solid understanding of financial markets.
OANDA:XAUUSDEducation
by AleSaira
📚 FREE Education:How To Trade The 50 EMA 💹💡Trading can be a challenge especially if you are trying to learn to control your emotions and at the same time technical analysis -- In this video, we address technical and fundamental analysis watch it now to find out the best of both worlds -- Disclaimer: -- I am not a financial advisor, and the information provided here is for informational purposes only. -- Stock trading and investing involve risks, and past performance does not guarantee future results. -- It's important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. -- Always be aware of the potential for loss, and consider your risk tolerance and investment goals before engaging in any trading activities. -- The content provided here does not constitute financial advice, and I do not take responsibility for any financial decisions made based on this information. -- Rocket boost this video for more content
NYSE:OHIEducation
by lubosi
EUR/GBP: how to identify a liquidity sweep (+ a technical bonus)This idea will be both educational and technical. First, we start with the educational part. If someone were to ask me what a liquidity grab (Stop Loss hunt) really is, I would show them this specific chart illustration. If we take a deep look at the Daily-timeframe graph, we might observe how the price has been able to tap above/below wick rejections and top/bottom reversal formations before aggressively impulsing in pre-determined destinations. This happens for the sole reason of taking out early entrants, who tend to place their Stop Loss orders a few pips above/below identified reversal patterns, before riding the wave in the pre-orchesrated direction. 

Marked by a red line, we have mapped some of the recent initial reversal legs, all of which are followed by liquidity taps above/below the formed wick candles and a major reversal levels. It can be inferred how the price tends to make manoeuvres and trick masses into believing that impulses have already commenced, which forces traders into making irrationally rushed decisions and opening transactions with their SL orders set a few ticks above the recent wick. The rest is known: the price prints a leg to the upside/downside, taps into the liquidity pool, then carries on acting as planned and destined. From the technical standpoint, the price has tapped into the Weekly timeframe lows and is on the verge of leaving a potential wick candle and impulsing towards the south in the direction of the recent Lows as painted on our graphic. Combining that with the Daily-timeframe identification of a probable liquidity sweep, we are confident about going short and targeting the zone we have identified on the chart. 

For further reference, I am attaching a recent educational post of ours on the same theme published last month (“Avoid getting trapped and hunted by market sharks”).
Education
by Investroy
10
📝 ALWAYS review your trades and improve your trading strategy.ALL your trades should get a good in-depth review. Unless, of course, you're just gambling, then the market isn't for you, and you're likely not even using TradingView -- because why would you need a chart? 🙂 If you make a red trade, review it, do better next time. If you make a green trade, but you were like this the whole time: :sweating: ... chances are you were lucky. Review it, do better next time. If you make a green trade and it doesn't "continue", so to speak, either you knew exactly what you were doing (nice!), or you were lucky. Review it, do better next time. If you make a GREAT trade and it continues to RIP after (aka "left gains on the table"), NICE JOB.. Review it. Do it again. And again. Keep reviewing all your trades till you have a bullet proof strategy. There is no other way to advance as a trader. If you don't review your trades, you will not improve. Open your mind to learning from other traders. You may be better than them in some things, but they may be better than you in some things. Kobe, Lebron, Ronaldo, Messi, Brady, and every athlete you can name has went to practice every day throughout his/ her career. Pros don't stop practicing. Neither should you. In the referenced trade, I made a quick +10% in NASDAQ:QQQ calls. Although the intention was to scalp, I got lucky to not get burned. Here's how I normally review my trades: Remember to NOT force trades. There's no point. I warned against forcing any trades yesterday in my quad/ triple witching post. Volatility is no joke. More volatility coming next week. Remember that. Follow for more insight & share/ like this with others who can benefit. Welcome to join my community. Link below.
CME_MINI:NQ1!Education
by kingdips
The Keys to Success Every Forex Trader Should Master 🕵️‍♂️📊💡 In the fast-paced world of forex trading, understanding price action is akin to possessing a treasure map. Price action analysis is the art of deciphering market movements based on price movements alone, without relying on indicators or oscillators. In this comprehensive article, we'll reveal the essential price action secrets that every forex trader should know. We'll explore real-world examples and equip you with the knowledge needed to navigate this thrilling terrain. The Secrets of Price Action 1. Candlestick Patterns: Candlestick patterns are powerful tools in price action analysis. They reveal market sentiment and potential trend reversals. 2. Support and Resistance: Identifying key support and resistance levels on a price chart can provide insights into potential price reversals or breakouts. 3. Trendlines: Drawing trendlines allows traders to visualize price trends and anticipate potential entry and exit points. Real-World Examples Example 1: EUR/USD - Bullish Reversal: Example 2: GBP/JPY - Breakout: Unlocking the secrets of price action analysis is the key to success for every forex trader. By mastering candlestick patterns, understanding support and resistance levels, and utilizing trendlines, you can decipher market movements and make informed trading decisions. Armed with these price action secrets, you're better equipped to navigate the ever-changing landscape of forex trading and seize profitable opportunities. 🕵️‍♂️📊💡 Dear followers, let me know, what topic interests you for new educational posts?
COINBASE:BTCUSDEducation
by SignalProvider
9
NQ - Volume Profile on Day Chart Using a composite volume profile and setting the bars to significant lows in the last couple of years, you can see that the VPOCs (Volume Point of Control) are almost perfect. By using a hollow Composite Volume Profile in conjunction with a Solid Volume Profile, you can spot-check where low and high volume nodes are on different time-scale profiles. What does all of this mean? Basically, my thesis regarding volume profile, which is shared by some, is that liquidity will be attracted to the low volume profile nodes. Liquidity will find a presence in these depressions, causing prices to gravitate to the local area, filling in the node to build a shelf. This allows for a stronger base or foundation to continue its positive drift upward. However, caution is necessary, as this strategy can work against bulls if the price gets trapped under a substantial shelf, making it harder to climb upward. Composite Volume Profile indicator below
CME_MINI:NQ1!Education
by thebearfib
Learn the 4 Best Strategies to Maximize Your Profits Today In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the market correct itself. Your entry should be the assumed completion point of a correctional movement. You expect a trend-following movement from there. In a bearish trend, you wait for a completion of the bearish impulse, let the market retrace, and you look for short-entry after a completion of the retracement leg. Here is the example of pullback trading. On the left chart, we see the market that is trading in a bearish trend. A pullback trader would short the market upon completion of the correctional moves. On the right chart, I underlined the buy entry points of a pullback trader. That strategy is considered to be one of the simplest and profitable and appropriate for newbie traders. 2️⃣Breakout Trading Breakout trading implies buying or selling the breakout of a horizontal structure or a trend line. If the price breaks a key support, it signifies a strong bearish pressure. Such a violation will trigger a bearish continuation with a high probability. Alternatively, a bullish breakout of a key resistance is a sign of strength of the buyers and indicates a highly probable bullish continuation. Take a look, how the price broke a key daily resistance on a daily time frame. After a breakout, the market retested the broken structure that turned into a support. A strong bullish rally initiated from that. With the breakout trading, the best entries are always on a retest of a broken structure. 3️⃣Range Trading Range trading signifies trading the market that is consolidating. Most of the time, the market consolidates within the horizontal ranges. The boundaries of the range may provide safe points to buy and sell the market from. The upper boundary of the range is usually a strong resistance and one may look for shorting opportunities from there, while the lower boundary of the range is a safe place to buy the market from. EURCAD pair is trading within a horizontal range on a daily. The support of the range is a safe zone to buy the market from. A bullish movement is anticipated to the resistance of the range from there. Taking into considerations, that the financial instruments may consolidate for days, weeks and even months, range trading may provide substantial gains. 4️⃣Counter Trend Trading Counter trend trading signifies trading against the trend. No matter how strong is the trend, the markets always trade in zig-zags. After impulses follow the corrections, and after the corrections follow the impulses. Counter trend traders looks for a completion of the bullish impulses in a bullish trend to short the market; and for a completion of bearish impulses in a downtrend to buy it. Here is the example of a counter trend trade. EURJPY is trading in a bullish trend. However, the last 3 bearish moves initiated from a rising trend line. For a trader, shorting the trend line was a perfect entry to catch a bearish move. Such trading strategy is considered to be one of the most complicated, because one goes against the crowd and overall sentiment. With the experience, traders may combine these strategies. Try them all, and find the one that suites you the most. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
37
Mastering the Cup and Handle Pattern in Forex and Gold Trading In the world of forex and gold trading, recognizing chart patterns can be your key to unlocking profitable opportunities. One such pattern, the Cup and Handle, offers traders a powerful tool for identifying potential bullish trends. In this comprehensive article, we'll explore how to identify and trade the Cup and Handle pattern in both forex and gold markets. We'll provide real-world examples to help you navigate these exciting trading opportunities. Understanding the Cup and Handle Pattern The Cup and Handle is a bullish continuation pattern that resembles the shape of a teacup. It consists of two main parts: 1. Cup: The first part forms a rounded bottom, resembling a cup. It typically follows a downtrend and represents a period of consolidation. 2. Handle: The second part is a smaller consolidation or retracement, forming a downward-sloping channel or flag pattern. It resembles the handle of a cup. Identifying the Cup and Handle Pattern To identify and trade the Cup and Handle pattern, follow these key steps: 1. Downtrend: Look for a significant downtrend that precedes the formation of the Cup and Handle pattern. 2. Cup Formation : The cup should be a rounded bottom, indicating a period of consolidation or accumulation. The depth of the cup can vary, but it should generally resemble a "U" shape. 3. Handle Formation: After the cup, there should be a smaller consolidation or retracement forming a downward-sloping channel or flag pattern. This is the handle of the cup. 4. Volume Analysis: Analyze volume trends. Typically, there is a decrease in volume during the handle formation, signaling a temporary pause in the trend. 1. Forex - EUR/USD: 2. Gold - XAU/USD: Trading Strategies 1. Entry Point: Enter a trade when the price breaks out above the handle's upper boundary. This breakout confirms the bullish sentiment. 2. Stop-Loss: Place a stop-loss order below the handle's lower boundary to manage risk. 3. Take Profit: Estimate the potential price target by measuring the distance from the cup's bottom to the handle's breakout point and then adding it to the breakout level. The Cup and Handle pattern is a valuable tool for identifying potential bullish trends in both forex and gold markets. By understanding its components and following a structured trading approach, you can leverage this pattern to make informed trading decisions and potentially unlock profitable opportunities in your trading journey. 🏆📈💰 Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
5
Supply and Demand Zones: Buying Low, Selling High1. What Are Supply and Demand Zones? In the cryptocurrency trading, supply and demand zones are pivotal concepts that profoundly impact market behavior. These zones act as critical areas where traders engage in buying and selling actions, significantly influencing price movements. To gain a deeper understanding of how these zones work, let's delve into the specifics. 2. What Is A Supply Zone? A supply zone, within the context of cryptocurrency trading, represents a resistance area where traders are inclined to sell their assets. Supply zones are typically positioned above the current market spot price and often coincide with prominent psychological price thresholds, such as $50,000 or $60,000. This zone often becomes the focal point for take-profit orders, and when the price approaches it, resistance ensues. Unless there's a notable surge in buying pressure to counteract the selling momentum, prices are prone to decline. 3. What Is A Demand Zone? On the flip side, a demand zone serves as a support area where traders favor purchasing cryptocurrency assets. Demand zones are generally situated below the current market spot price and are frequently aligned with significant psychological price levels, such as $10,000 or $20,000. Traders are inclined to set limit buy orders within these zones, leading to upward price movements as the appeal of the support level draws in buyers. 4. How to Draw Supply and Demand Zones? Drawing supply and demand zones is a fundamental skill for cryptocurrency traders. To create these zones effectively, traders often employ the "Rectangle" tool available on @TradingView charts. By identifying historical peak levels and bottoms where price reversals have occurred, traders can accurately delineate supply and demand areas. 5. How to Find Supply and Demand Zones? While there isn't a specific indicator dedicated to supply and demand, we can utilize tools like "Pivot Points" to narrow down these key areas. Pivot Points are instrumental in highlighting support and resistance levels, making them valuable for identifying potential supply and demand zones. When Bitcoin or other cryptocurrencies reach these levels marked by Pivot Points, significant price reactions often follow, offering prime opportunities for profitable trades. 6. How to Trade Supply and Demand Zones? Trading based on supply and demand zones is a versatile strategy that suits both short-term and long-term trading approaches. The fundamental principle remains constant: buy within demand zones and sell within supply zones. For example, suppose Bitcoin is currently trading at $25,900, and demand zones are situated in the range of $25,300 to $25,600. In this case, we can place buy orders within this demand zone and sell orders in the supply zones. It's essential to adapt this strategy to your specific trading goals and preferences, utilizing support and resistance levels as a foundational framework for drawing trend lines and setting limit orders. Incorporating the power of supply and demand zones into your cryptocurrency trading strategy can provide invaluable insights and enhance your overall trading success. Whether you're a day trader or a long-term investor, comprehending and effectively utilizing these zones can enable you to make more informed decisions and potentially amplify your profitability in the cryptocurrency trading.
Education
by Vestinda
Unveiling the Battle Between Buyers and Sellers🕯📈🤝 Introduction Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment, provide real-world examples, and equip you with the knowledge to make informed trading decisions. Understanding Candlestick Bodies The body of a candlestick represents the difference between the opening and closing prices within a specific time frame. Its size and color convey essential information about the battle between buyers (bulls) and sellers (bears). Interpreting Candlestick Body Size 1. Large Bullish Candle Body: A candle with a large bullish body indicates strong buying pressure. In such cases, the closing price is significantly higher than the opening price, suggesting that buyers have dominated the market during the given time frame. 2. Large Bearish Candle Body: Conversely, a candle with a substantial bearish body signifies strong selling pressure. The closing price is well below the opening price, indicating that sellers have dominated. 3. Small or Doji Candle Body: A small or doji candle body suggests indecision or a balance between buyers and sellers. The opening and closing prices are close, and the body may appear as a thin line or a small box. Relevance and Trading Strategies 1. Trend Confirmation: Large bullish or bearish candle bodies can confirm the strength of an existing trend. Traders may use such candles to enter or add to positions in the direction of the trend. 2. Reversal Signals : Small or doji candle bodies near support or resistance levels can signal potential trend reversals. Traders watch for follow-up candles to confirm reversal patterns. 3. Volatility Assessment: Candle body size can also provide insights into market volatility. Larger bodies often accompany higher volatility, while smaller bodies indicate calmer market conditions. Conclusion Mastering the interpretation of candlestick bodies is a valuable skill in forex trading. It enables traders to gauge the strength of buyers and sellers, confirm trends, identify potential reversals, and assess market volatility. By incorporating this knowledge into your trading strategy, you can make more informed decisions and enhance your ability to navigate the ever-changing forex market. 📊🕯📈 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
7
The Best Forex Strategy I've Used in 3 Years | 4 IndicatorsHey Rich Friends, Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest. Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic (turn on price line) Bullish confirmations (Up, Above, Over, Higher): 1. Candles above/crossing up 1 or both EMAS 2. MOM is facing up AND/OR above 0. 3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait Bearish confirmations (Down, Below, Under, Lower): 1. Candles below/crossing down 1 or both EMAS 2. MOM is facing down AND/OR below the dotted 0 line. 3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.
Education
0
by MoneyMantraCha
149
Channel tradingHow to trade channels after sharp moves, where there is a valid money flow in the market. During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames. Here you need to get confirmation and be patient for pull back, it is important to put your stop loss precisely and of course be loyal to it (please do not move it) Put the stop loss under that shadow but with enough space for breathing
BYBIT:BTCUSD.PEducation
by Rezakaz