Get started

Action

XAUUSD Gold buy idea 4h breakdownThis is why I love and talk about price action so much. Gold has given us an absolute gift of a level with such a repetitive history it would be foolish to not take note! The white circles highlight areas where the 4h candle has closed above the level and pushed up towards 1967. If we can see a 4h candle close above this level, move down to grab liquidity with a wick and then move back up I will absolutely be taking buys here make no mistake about it. Probability is strongly in our favour.
OANDA:XAUUSDLong
by FriesianFX
Adanient Simple Trend AnalysisThere is a lot of Bad News in the market for the Adani Group of Stocks. NSE:ADANIENT in the past has fallen sharply. They said it was because of bad news but Price Action Traders did predict this downfall before it happened. Because at that time it was too expensive to buy, i.e., called an Over-Bought condition. And this condition triggers a big fall. After the big fall happens, the Stock immediately becomes over-sold. And the price starts moving up again. That is exactly what happened in NSE:ADANIENT also. Currently, the price of this stock is trapped and moving sideways between two Trap Zones. A Cup and Handle pattern is also visible in this chart which should take the price up and break the Resistance to confirm the Up-Trend. There are two ways to trade this kind of setup: 1. Start Buying in Tranches on every Dip and Hold 2. Buy after the Resistance is taken out and the Up-Trend is Confirmed. The expectation is it will achieve 4190 again. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
NSE:ADANIENTLong
by priceissupreme
PEL Simple Price Action Analysis BullishFor a long time NSE:PEL was moving in a sideways manner and now a clear Conventional Symmetrical Triangle formed in it. Symmetrical Triangles are a Continuation Pattern, if they form after a Rally, then the price must continue its upward movement. This is one of the strong reasons why I think this stock will go up. My First Target will be 1768.55, i.e., the highest price this stock has ever achieved, and then the Final Target for now will be 3053. This Stock should be bought at every dip and should be held for the set Target.
NSE:PELLong
by priceissupreme
Mastering Engulfing Candle Trading 📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future price movements. However, to become an expert in engulfing candle trading, one needs to learn how to identify the best ones and leverage their body size effectively. In this article, we will look at the crucial steps to master this trading strategy. 🔎Identifying the Best Engulfing Candles One of the key aspects of trading using engulfing candles is knowing how to spot the strongest signals. The best engulfing candles should be resistant to the noise and inconsistent movements that can often occur in the forex market. The first step towards identifying the best engulfing candles is to focus on the size of the preceding candles. Candles with small bodies and long wicks produce too much noise and can lead to false signals. Instead, seek engulfing candles that develop after a significant price move, ideally with a larger body and shorter wick. Higher timeframe charts - like the 4-hour and daily - offer better accuracy in identifying reliable engulfing patterns. 💪Leveraging Body Size for More Efficient Trading The size of an engulfing candle’s body plays a crucial role in determining the strength of a trend. A larger body indicates more significant price movement and more active participation from traders. The size of the engulfing candle can also help ascertain the potential strength of the new trend. Bigger body sizes usually signal a stronger trend, whereas smaller bodies usually represent a more moderate price move. Traders can leverage body size to adjust their trading strategy – for instance, employing wider stop losses for more significant movements or using tighter take profit targets for moderate trends. I have collected couple of good engulfing candles that we were trading with our team. Take a closer look at their body sizes and the previous candles. Such candles alone can provide fantastics trading opportunities. 🔔Conclusion Engulfing candles are an essential tool in forex trading, and their size can significantly help traders identify the best entry signals. Traders who master engulfing candle trading can develop a more accurate technical analysis strategy that yields high returns. By continually analyzing candlestick patterns and using other technical analysis tools, traders can build robust investment strategies that enable them to become profitable forex traders. What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
9