SPATrading

SPATrading

See the chart for trade details.

SPATrading

See the support levels on the chart.

SPATrading

Final destination has NOT possibly been exposed...

SPATrading

The unfolding of bottom formation process...

SPATrading

Price is approaching a confluence of resistance levels. Does this mean trend change? Of course not. Probably, we will see more profit taking. I terminated my long positions and watching for the next trading opportunity…

SPATrading

Let’s put the puzzle of the technical evidences together… 1. A bottom formation is a time consuming process that can last several months and especially for the relevant pair. 2. Monthly trend is bearish with monthly trend defense level the 0.91. 3. Monthly bearish controlling candle is valid and it will only lose control if price violates the 0.9060 price...

SPATrading

Buyers extended price outside of the bearish price channel, a channel that price is respecting for the last 3 year. The daily is forming a flag around the upper boundary of the channel preparing us for a great move. Is this an accumulation or distribution of AUD? This week we will know…and with patience we wait to see…

SPATrading

Friday, the last trading day of the week. Today’s closing signifies the closing of the week and it is vital for further price structure analysis in order to facilitate our bias which as you already know is bearish. The closing of a candle is the most influential parameter of all the others 3 parameters (open, high & low). The other 3 parameters have a story to...

SPATrading

Monthly time-frame the “KING” of the trend. The monthly time-frame determines our direction and with existing FACTS printed on the chart it is in an undisputed DOWNTREND. Thus, we will sell this thing (at the right time) until a potential trend change occurs. However the monthly DIRECT trend is bullish and as a result any short attempt is highly risk (for now). ...

SPATrading

Monthly time-frame, the “KING” of price action. It is 4 times more reliable than the weekly and 21 times more reliable than the daily. It is a fact that last month a BEARISH OUTSIDE CANDLE was printed on the chart. It signifies the dominant of sellers and it is consider a BEARISH CONTROLLING CANDLE meaning that price can fluctuate in its range without affecting...

SPATrading

The HIDDEN dynamic SL level (see the chart) was violated by price FOR 3 CONSECUTIVE MONTHS. With patience we should wait to see the closing of the current month (5 trading days remain). Is this a retest?

SPATrading

“Study the past if you would define the future” Confucius This pair significant bottoms or tops are PROCESSES and certainly not the recent price NOISE.

SPATrading

See my last post. Trading is simple...

SPATrading

Buyers stepped in by the pip and protected the 0.68 price level. See my last post on this pair.

SPATrading

The megaphone (not only) was shouting... Simple Price Action trading tools were all there resulting into a stress free trade risk.

SPATrading

Sellers already reach their target. Now is the time of buyers. WAITING TO SEE THE BUYERS FOOTPRINT FOR 1500 PIPS MOVE.

SPATrading

Buyers of AUD are facing a massive confluence of static and dynamic resistance levels resulting to pause of price and consolidation with daily closing prices below the relevant levels. For the last trading days buyers failed to push price higher and this is an indication of weakness. On the other hand sellers are still inactive since we have no evidence of them on...

SPATrading Updated 

Accumulation of CAD & distribution of AUD ended. Using the price action from the hourly, I initiated a very promising short trade. Small initial risk in the beginning where I will utilize the potential profits of the market to maximize it.