bestpriceaction

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About me We use Simple, Powerful and Effective Price Action Trading Strategies to trade forex, we trade based on our Forex Forecasts posted on our official website (www.bestpriceaction.com), and then we use our in-house Trailing System to exit our trade.
Joined bestpriceaction
We use Simple, Powerful and Effective Price Action Trading Strategies to trade forex.
Markets Allocation
95 % forex 5 % other
Top Mentioned Symbols
AUDUSD 6% | 5 CADCHF 6% | 5 EURGBP 5% | 4 GBPAUD 5% | 4
bestpriceaction bestpriceaction EURJPY, D, Short ,
EURJPY: EURJPY Daily Chart (14 Feb, 2017)
80 0 3
EURJPY, D Short
EURJPY Daily Chart (14 Feb, 2017)

Bearish Shooting Star formed at dynamic resistance (EMA 8). The lower high & lower low confirmed that trend is changing from up-trend to down-trend. We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 119.55.

bestpriceaction bestpriceaction NZDCAD, D, Short ,
NZDCAD: NZDCAD DAILY CHART (19 AUG, 2016)
60 0 3
NZDCAD, D Short
NZDCAD DAILY CHART (19 AUG, 2016)

A Bearish Shooting Star formed near to the falling resistance trend line. We would short the pair and set our target at the horizontal support value of 0.9145.

bestpriceaction bestpriceaction GBPNZD, D, Short ,
GBPNZD: GBPNZD DAILY CHART (9 AUG, 2016)
70 0 3
GBPNZD, D Short
GBPNZD DAILY CHART (9 AUG, 2016)

GBP/NZD has retraced to trend line resistance as depicted above, this trend line has been extrapolated using the July and August highs for the pair. As the GBP/NZD is now trading near this descending trend line, it give us an opportunity to rejoin the strong down trend. We wait to short the pair when it retraced back to trend line resistance which is around ...

bestpriceaction bestpriceaction CADCHF, D, Long ,
CADCHF: CADCHF DAILY CHART (17 MAY, 2016)
36 1 1
CADCHF, D Long
CADCHF DAILY CHART (17 MAY, 2016)

Bullish Engulfing formed at the channel support. Notice in the daily chart above, we have a market that is making higher highs and higher lows, this represents a ascending equidistant channel. We looking for a chance to long the pair to trade with the direction of the equidistant channel. Once the long is trigger, we would set our target at the latest horizontal ...

bestpriceaction bestpriceaction NZDCAD, D, Short ,
NZDCAD: NZDCAD Daily Chart (31 March, 2016)
41 1 4
NZDCAD, D Short
NZDCAD Daily Chart (31 March, 2016)

Bearish Shooting Star formed at the channel resistance. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to sell the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest ...

bestpriceaction bestpriceaction GBPAUD, D, Short ,
GBPAUD: GBPAUD Daily Chart (29 March, 2016)
60 0 4
GBPAUD, D Short
GBPAUD Daily Chart (29 March, 2016)

Bearish Shooting Star formed at dynamic resistance (EMA 21). We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 1.8613.

bestpriceaction bestpriceaction GBPNZD, D, Short ,
GBPNZD: GBPNZD Daily Chart (17 March, 2016)
52 0 4
GBPNZD, D Short
GBPNZD Daily Chart (17 March, 2016)

Bearish Engulfing formed at the channel resistance. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to sell the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest horizontal ...

bestpriceaction bestpriceaction EURGBP, D, Long ,
EURGBP: EURGBP Daily Chart (07 March, 2016)
57 0 5
EURGBP, D Long
EURGBP Daily Chart (07 March, 2016)

Based on the daily chart, EURGBP is on strong uptrend. Currently price is reversed back to previous support level and Inverted Hammer is formed signals a reversal. This give us a chance to buy the pairs to rejoin the trend.

bestpriceaction bestpriceaction GBPCHF, D, Short ,
GBPCHF: GBPCHF Daily Chart (28 Jan, 2016)
47 0 1
GBPCHF, D Short
GBPCHF Daily Chart (28 Jan, 2016)

Bearish Dark Cloud Cover formed at dynamic resistance (EMA 21). We looking for a chance to short the pair to trade with the direction of the trend. Once the sell is trigger, we would set our target at the latest horizontal support which is around 1.4175.

bestpriceaction bestpriceaction AUDUSD, D, Short ,
AUDUSD: AUDUSD Daily Chart (25 Jan, 2016)
43 0 1
AUDUSD, D Short
AUDUSD Daily Chart (25 Jan, 2016)

As you can see from the daily chart above, retest come after a market breaks two key horizontal level of support. The market now revisits the former support level after breaking it, we want to see it test that level as new resistance. The bearish shooting star which is formed at the new level of resistance is how we evaluate that test. We looking for a chance to ...

bestpriceaction bestpriceaction EURUSD, D, Short ,
EURUSD: EURUSD Daily Chart (12 Jan, 2016)
207 1 4
EURUSD, D Short
EURUSD Daily Chart (12 Jan, 2016)

From the daily chart, we noticed that a Bearish Hanging Man formed at the channel resistance of a descending equidistant channel two days ago. The formation is completed and confirmed when a Bearish Tailed Bar formed just after the Bearish Hanging Man. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell ...

bestpriceaction bestpriceaction GBPCAD, D, Long ,
GBPCAD: GBPCAD Daily Chart (06 Jan, 2016)
47 0 6
GBPCAD, D Long
GBPCAD Daily Chart (06 Jan, 2016)

Bullish Piercing Line followed by a Bullish Hammer formed at former resistance level (now act as support level). There’s potential for price to re-test resistance up near 2.08635 in the coming days.

bestpriceaction bestpriceaction CADCHF, D, Short ,
CADCHF: CADCHF Daily Chart (06 Jan, 2016)
32 0 1
CADCHF, D Short
CADCHF Daily Chart (06 Jan, 2016)

Bearish Shooting Star formed at dynamic resistance (EMA 21) and former support level.

bestpriceaction bestpriceaction AUDJPY, D, Long ,
AUDJPY: AUDJPY Daily Chart (15 Dec, 2015)
106 2 2
AUDJPY, D Long
AUDJPY Daily Chart (15 Dec, 2015)

Bullish Hammer formed at the channel support. Notice in the daily chart above, we have a market that is making higher highs and higher lows, this represents a ascending equidistant channel. We looking for a chance to long the pair to trade with the direction of the equidistant channel. Once the long is trigger, we would set our target at the latest horizontal ...

bestpriceaction bestpriceaction XAUUSD, D, Short ,
XAUUSD: XAUUSD Daily Chart (11 Dec, 2015)
81 0 1
XAUUSD, D Short
XAUUSD Daily Chart (11 Dec, 2015)

Bearish Shooting Star formed at dynamic resistance level (EMA 21). We like to sell this pairs to rejoin the current major downtrend. Our target set at around 1052.95 as this is latest support level.

bestpriceaction bestpriceaction GBPAUD, D, Short ,
GBPAUD: AUDNZD Daily Chart (11 Dec, 2015)
104 1 2
GBPAUD, D Short
AUDNZD Daily Chart (11 Dec, 2015)

Bearish Dark Cloud Cover formed at former support level (Act as resistance now) and trendline resistance. We waiting to sell at resistance level (2.0955) and set our target at 2.0435 (support level).

bestpriceaction bestpriceaction AUDNZD, D, Short ,
AUDNZD: AUDNZD Daily Chart (16 Nov, 2015)
140 2 3
AUDNZD, D Short
AUDNZD Daily Chart (16 Nov, 2015)

As you can see from the image above, retest come after a market breaks a key horizontal level of support almost a month ago. The market now revisits the former support level after breaking it, we want to see it test that level as new resistance. The bearish shooting star which is formed at the new level of resistance is how we evaluate that test.

bestpriceaction bestpriceaction GBPCAD, D, Short ,
GBPCAD: GBPCAD Daily Chart (4 Nov, 2015)
37 1 3
GBPCAD, D Short
GBPCAD Daily Chart (4 Nov, 2015)

Double Bearish Shooting Star formed at the channel resistance two days ago. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target ...

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