PriceActionTrading

PriceActionTrading

KEY LEVELS ARE PLOTTED ON THE CHART. PLEASE READ W1 CHART BELOW TOO. PRICE HAS CLOSED BELOW KEY LEVEL AND REJECTED FROM IT W1. FACING A WEDGE PATTERN NOW. D1 HAS CLOSED WITH NUMEROUS SHADOWS CUTTING THE SUPPORT TRENDLINE WITHOUT SUCCESSFULLY CLOSING UNDERNEATH IT. LOOKING FOR BREAKOUT DOWNSIDE BUT BREAKOUT COULD HAPPEN EITHER WAY. IF BREAKOUT DOWNSIDE, TRADE AT...

PriceActionTrading

TRYING MY HANDS ON MORE PAIRS NOW THAT THE MAJORS HAVE BEEN PERFORMING BADLY FOR ME. RECENTLY REJECTED FROM 100.00 ROUND NUMBER RESISTANCE. THIS PAIR MAY SEE SOME CORRECTION TO 97.00 OR EVEN 96.00. A TRADE WORTH LOOKING OUT FOR NEXT WEEK.

PriceActionTrading

EDIT : THE MENTIONED PIN BAR IS YESTERDAY'S PIN BAR D1. SORRY FOR THE CONFUSION THERE. price went below the pin bar triggering sells while market maker are loading their buys because of the resistance turned support simple analysis. this is the market trying to stop out new traders. which they did successfully. this bull may run out of steam at the 61.8% or...

PriceActionTrading

UPDATE : STOPPED OUT. I AM NOT TRADING THIS IDEA ANYMORE. BUT WONDERFUL PIN BAR FORMED ON H4 D1. WORTHY OF TRADING. W1 TELLS US THAT THE BULLS ARE STRONG. SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A GOOD RISK REWARD. I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE INSIDE BAR FOLLOWED BY H4 CLOSING BACK INSIDE THE INSIDE BAR THIS SIGNIFIES BEAR TRAP AND WILL...

PriceActionTrading

SIMPLE PIN BAR SPOTTED AT HEAVY RESISTANCE AREA, ALSO 78.6%. FOLLOWED BY BEARISH ENGULFING CONFIRMATION. SELL ON STRENGTH NEAR THE H1 50SMA 20SMA ZONE. 78.6% STRUCTURE RESISTANCE 135.00 KEY LEVEL BEARISH ENGULFING PATTERN H4 RSI DIVERGENCE H1

PriceActionTrading

UPDATE : H4 PIN BAR FOUND AT 61.8%. QUITE UNFORTUNATE THAT PIN BAR DID NOT CUT 119.00. ANALYSIS IS SIMPLE. PRICE BROKE OUT OF TRIANGLE. BUY AT RETEST. H4 200SMA 50SMA 20SMA CONFLUENCE AT ONE AREA W1 3 BAR BULLISH FORMATION

PriceActionTrading

PRICE HAS FORMED MY FAVOURITE 3 BAR SETUP. THIS IS A VERY BEARISH SENTIMENT. THOSE WHO FOLLOWED ME SHOULD ROUGHLY KNOW WHAT THIS SETUP IS LIKE AND HOW RELIABLE IT CAN BE. A FAKEY OF THE INSIDE BAR W1. THIS IS A VERSION OF BULL TRAP. SELL AT STRENGTH FOR BETTER RISK REWARD. SEE D1 FOR PRICE ACTION. TRADE INVALIDATED IF PRICE MANAGES TO GO ABOVE 0.774.

PriceActionTrading

D1 FAILED TO CLOSE ABOVE 1.12. MULTIPLE PAIRS CONFLUENCE SHOWS THAT MOST USD PAIRS HAS BEARISH BIAS. AUD/GBP/NZD USD PAIRS HAS TUMBLED. HOPEFULLY THIS WILL TOO. PRICE IS STARTING TO CLOSE BELOW THE H1 50SMA AND 20SMA. COULD IMPLY DOWN IMPULSE IS STARTING. KEEP YOUR STOP ABOVE THE H1 50SMA ALWAYS. PRICE HAS A TENDENCY TO BE REJECTED FROM THE 50SMA ON THE H1 IN...

PriceActionTrading

SIMILAR TO MY AUDJPY USDCAD IDEAS. REJECTION OF KEY LEVEL. TRADE WITH CONFIRMATION AND WITH CAUTION. ONE DRAWBACK ABOUT THIS TRADE IS THAT EVEN THOUGH THERE IS A 100 PIPS REJECTION BAR FORMED ON THE D1. IT STILL DID CLOSE 6 PIPS ABOVE 0.8000. IT WOULD BE IDEAL IF I CLOSED BELOW 0.8000. H4 RSI DIVERGENCE REJECTION BAR H4 RSI DIVERGENCE ALL THE...

PriceActionTrading

COUNTER TREND TRADE REQUIRES CONFIRMATION TRADE WITH CAUTION H4 SLIGHT DIVERGENCE 100 PIPS REJECTION D1 BAR H4 RSI DIVERGENCE

PriceActionTrading

LOOKOUT FOR CONFIRMATION AND THEN RETEST TO ENTER LONG ON THIS TRADE. 130PIPS INDECISION D1 BAR FORMED YESTERDAY COULD SIGNAL TREND REVERSAL IF CONFIRMATION IS FORMED. H4 FORMED AN INSIDE BAR. TRADE WITH CAUTION. USDCAD HAS BEEN ON A TUMBLE RECENTLY.

PriceActionTrading

NORMALLY I WOULD SAY, HEY WHAT A GOOD PLACE TO ENTER SHORT. BUT WITH ALL USD AND JPY PAIRS BREAKING THROUGH KEY LEVELS, IT IS HARD TO SAY WHAT EURJPY WILL DO WITH THIS KEY LEVEL. KEEP A LOOKOUT. EVEN IF CONFIRMATION TO SELL IS FORMED, IT IS NOT SAFE TO ENTER SELL.. THIS IDEA IS PURELY A KEEP A LOOKOUT IDEA.

PriceActionTrading

PRICE HAS NICELY REACHED TRENDLINE DRAWN. 61.8% FIB 1.52 REJECTION TRENDLINE REJECTION BECAUSE OF THE RECENT 2 WEEKS PUSH, PRICE IS CURRENTLY ABOVE 50SMA AND 20SMA ON THE D1 AND H4. THUS THESE SMAS CAN ACT AS SUPPORT. TRADE WITH CAUTION. AND ALSO, RISK REWARD IS NOT OPTIMAL AT THE MOMENT. THIS IDEA SETUP IS SIMILAR TO MY GBPJPY IDEA. CONFLUENCE IS THERE,...

PriceActionTrading

ENTER THIS TRADE FOR GREAT RISK REWARD. PRICE REJECTED FROM 93.26 LAST WEEK FORMING A MINI D1 PIN BAR. IT IS MINI BUT ON THE LARGER SCALE IT WAS ALSO REJECTED FROM THE WEDGE PATTERN. TRADE THE WEDGE FROM THE TOP TO THE BOTTOM, OR AT LEAST TO THE 20SMA BEFORE UPTREND MAY CONTINUE. H4 RSI DIVERGENCE GOOD RISK REWARD RISK 30PIPS TO MAKE 90 PIPS QUICK IN QUICK...

PriceActionTrading

SORRY THIS WAS SUPPOSED TO BE FOR PRIVATE PUBLISHING. HENCE, THE UNCLEAR REPRESENTATION. ANYWAYS WEDGE PATTERN PLAYING OUT. HOWEVER, IT DID CLOSE SLIGHTLY BELOW THE WEDGE LAST WEEK. D1 HIDDEN DIVERGENCE SUGGESTING SELL. HOWEVER STRONG SUPPORT AT 90.00, WHERE THE D1 50SMA AND H4 200SMA ARE AT SUGGEST BUY. THEREFORE, SEE WHICH DIRECTION PLAYS OUT. INTERESTING...

PriceActionTrading

KILL ZONE ENTRY AT 181.00 W1 20SMA 61.8% DESCENDING TRIANGLE FORMATION THIS IS A W1 TRADE. SO LOOK AT D1 FOR VIABLE PRICE ENTRY CONFIRMATION. ALSO GIVE SOME SLACK TO YOUR STOP, GBP JUST MOVED 100PIPS IN 1 HOUR. REQUIRES CONFIRMATION TO TRADE THIS ONE AS IT IS NOT WISE TO SELL A PAIR WHICH HAS CLIMBED 600 - 700 PIPS IN 2 WEEKS. THIS GBP STRENGTH COULD, OF...

PriceActionTrading

JUST WANTED TO POINT OUT THIS TENSION ZONE. PRICE IS STUCK BETWEEN THE UPPER TRIANGLE AND THE 50SMA AND 20SMA. THIS TENSION WILL USUALLY CAUSE A BREAKOUT TO EITHER SIDE. GREEN BREAKOUT UPWARDS RED BREAKOUT DOWNWARDS (LESS LIKELY DUE TO THE W1 BULLISH ENGULFING BAR PRESSURE) I AM ALREADY LONG AT 0.7700 AND HAVE SL AT BE AS TENSION IS BUILDING I WANT TO MINIMISE...

PriceActionTrading

GBPUSD HAS MOVED A LOT HIGHER BASE ON FUNDAMENTAL REASON. I AM NOT A FUNDAMENTALS TRADER SO I WILL NOT GO INTO DETAIL OF THE BOE NEWS. BUT THIS IS MY TAKE ON GBPUSD. THIS IS AN EXHAUSTION MOVE. I HAVE SELL SIGNALS FOR NZDUSD EURUSD. MY CORRELATION ANALYSIS TELLS ME THAT GBPUSD COULD BE FACING A 100PIPS+ DECLINE 24 HOURS - 48 HOURS FROM NOW. CONFLUENCE FOR THIS...