ForexParadigm

ForexParadigm

Ascending triangle

ForexParadigm

Major resistance at a ranging market

ForexParadigm

Price retesting support

ForexParadigm

Weakened uptrend, due to lower lows. Double top. Very bearish.

ForexParadigm

1. Uptrend 2. Resistance formed 3. Broken level 4. Retest On 1 day chart, which gives extra accuracy

ForexParadigm

1. Ranging price 2. Broken resistance level 3. Retested breakout zone

ForexParadigm

1. GBPUSD is currently on an uptrend, but it seems like the uptrend is getting weaker as a resistance has formed, showing that buyers are losing power 2. Support level has formed, and has been broken 3. We will enter on the retest of the resistance/broken level on a sell position with a 1:2 RR

ForexParadigm

The pair is currently on a downtrend. Take a look at the support that was formed. We were waiting for the level to break so we can enter on a retest.

ForexParadigm

We will not be providing signals anymore, there will only be analysis. You can decide on the exact entry price, TP and SL yourself. Make sure you learn from the analysis and don't just copy the numbers. Let's break this trade down; 1. Price is on a downtrend; confirmed on the higher timeframes 2. Price hit support 3. Hit again 4. Hit again 5. Support...

ForexParadigm

Strong support has been formed (4 taps) and broken. We are entering on the retest of the broken support, which is now resistance Entry Price: 123.451 Take profit: 123.100 (35) Stop loss: 123.750 (30)

ForexParadigm

1. Tested resistance 2. Tested resistance 3. Confirmation - bullish candles getting smaller It couldn't get simpler than this; very clear and significant level. Great R:R. This is price action trading 101. Although the trade is very clear, SL will be used incase something unexpected happens. SL is great, it helps us protect our capital! Entry Price:...

ForexParadigm

1. Reached zone 2. Respected zone 3. Confirmation with bullish engulfing candle The trade was confirmed after a bullish engulfing candle was formed on the 30M chart. We waited for the candle to close, it did and we entered. This is on a channel, so it is acceptable to buy on a slight downtrend as the channel is confirmed and could continue. Entry Price:...

ForexParadigm

1. Breakout 2. Re-test 3. Confirmation with engulfing candle Also, this is on the 4H chart which gives us extra confirmation and accuracy. Entry Price: 1.31650 Take profit: 1.32650 (100) Stop loss: 1.31200 (50)

ForexParadigm

Based on some basic fundamental analysis due to the US election, it is expected that buyers will not be able to hold this support level for much longer and it will be broken very soon. Enter this trade now. Entry Price: 1.31370 Take profit: 1.33557 (100) Stop loss: 1.30360 (100)

ForexParadigm Updated 

Activate trade again. Re-enter Entry Price: 1.32138 Take profit: 1.33557 (100) Stop loss: 1.30640 (50)

ForexParadigm Updated 

This is on the 4H chart, and we can see a strong support. Take a look at the chart: 1. Price fails to break support 2. Fails again 3. Breaks support 4. Retest It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical...

ForexParadigm

On the 1D and 4H chart we can see that there has been a very strong resistance developing. Take a look at the chart: 1. Downtrend 2. First tap 3. Second tap 4. Third tap 5. Strong rejection to the downside, exhaustion from the sellers We enter this trade assuming the resistance line will not be broken, as it seems like it is strongly valid. Enter this...

ForexParadigm Updated 

The reason we are entering this trade is because a clear significant level has formed. A level which price has been interacting with for weeks. Take a look at the chart: 1. Price interacted with this horizontal level for the first time, the bearish momentum was rejected 2. Price tried breaking this level again and failed 3. Price had a third attempt to...