This post is for demonstration and educational purposes. Price appears to be consolidating within a large bullish flag. We know when we study market structure and price action, the longer the consolidation within a flag, the bigger the outbreak. For now I would not trade within the flag but would look for the outbreak and would look to buy to the next zone after...
This idea is for demonstration and educational purposes and does not constitute a signal. We got a nice impulse off of key support. We can expect a pullback/correction on a lower timeframe before continuation. Use your confluences before entering and trade at your own risk. Join my USD/ZAR webinar or sign up for one-on-one mentoring to learn price action trading...
On the daily timeframe price is showing evidence of exhaustion. If price breaches key zone as noted, looking for target to next key zone, with longer term possibility to lower key level. This is for educational and demonstration purposes. Trade at your own risk. Link in bio and below for mentoring program. Learn how to trade using price action and learn key...
As we continue our price action study (see links to related ideas below), we see that price is lingering at a key zone in the market. Looking left we see the market open gap from a couple of weeks ago, which seems to be a market favorite spot. Watch price action to see how price responds to this zone..will it continue beyond this? If so I would expect to see...
For study and educational purposes of price action. Price reached an all time high in late October, and pulled back/sold to the point noted within the ascending channel. Price action study for possible continuation back towards previous recent high and possibly higher. Studying Price action at noted zones for movement towards higher highs or either exhaustion of...
Ascending Wedge Trendline confluence Apparent slowdown of bullish momentum We have a break in trendline; watching for pullback to Key Zone as Noted Study Price Action for Sell Opportunity around Key Zone. If price action does not reflect a sell opportunity as anticipated, this idea becomes void. Possible 250 pips to key zone as noted Remember one cannot say with...
USD/ZAR is experiencing what I would call a choppy market at the present time. In times of choppy markets my suggestion is always to look at other opportunities in the market. Why? In choppy markets, we see a lot of indecision. Its actually likely that you will LOSE money or try to chase the market to no avail. What we want to trade is a trending market..A...
In order to study this and keep price action in perspective, please refer to the linked post below. This is the bounce I was looking for to confirm that there is more room to the upside on this pair. Until now we had no indication of bullish momentum. We had small buy and sell opportunities. Please refer to the link below and click the arrow to see how price...
This post is for educational and demonstration purposes only and does not constitute a signal. I am labeling this as neutral right now because short term I see a push down, but long term I see a possible bull rally. Please refer to my linked posts below. Price has been consolidating within key zones. What I am watching for is the bigger buy opportunity. I am...
As the title reflects, this post is for demonstration and educational purposes only and does not constitute a signal to buy or sell. I am labeling this as a short for now. But we know this can change all on price action. Explanation of my inclination is below. Please refer to my linked post below to get an overall idea of this study. As we continue to study...
This chart is for study and education purposes, and in no wise constitutes a signal . We must watch price action before considering a position to take. Will price bounce or break off this key level in the market? As of now it appears that it is re-testing this key zone to make possible further movement up. If you look also at the noted key support, it appears we...
Happy Wednesday! As we continue our study of this pair USD/ZAR we see price is at a very key point in the market. The market opened on Sunday with a gap. Price continued it's descent and pulled back to the 38% key fib level, which is also right at the market open gap point. Will price trade above Sunday market open, which will lead us to higher price, or will...
Now before I share this idea, let me tell you THIS IS FOR STUDY PURPOSES. This is what we do as traders STUDY. This idea is a tutorialL for now because I want you to read the contents and understand my profile. Let me preface before I begin a few points: 1. My trade ideas are for STUDY and EDUCATIONAL PURPOSES. 2. My goal in sharing with YOU is NOT to be...
Chart says it all. WATCH for impulsive move up and break to the upside. Do not enter prematurely
This idea is for demonstration and educational purposes and does not constitute a signal. If you enter, you do so at your own risk. Please use your confluences before considering an entry. Price resting at key level in the market; on lower timeframe we have a descending wedge. WATCH for bullish impulse to the upside before entry. Current price action is kind of...
This idea is for demonstration and educational purposes and does not constitute a signal, but it is a study, as we study market structure and price action. From this view over the past month, since mid-October 2019 and as we study USD/MXN we see evidence of reversal of trend forming in the market. If you refer to the post I shared a week or two ago (see USD/MXN ...
This idea is for demonstration and education purposes. If you trade prematurely you do so at your own risk. Study your confluences before entering. Please refer to my idea linked below for a descending wedge, which I called last week. The idea still stands and often the idea is not for now but for some time in the future. The market doesn't move in a straight line...
For demonstration and education purposes only. This does not constitute a signal. Nice wick rejection at key level. Watching for price to re-test zone as noted, which is last week's low. Study for your confluences, trade at your own risk and use proper risk management.