What is PA (Price Action)?This is jut a summary of the most impactfull things I have gotten out of the internet for trading.
In my opinion I think you NEED to struggle in the beginning and lose money, to get the feeling of how bad it is to be wrong, or your greed will cost you allot of money in the future after you invest more money.
And as the guys in stream always say, invest what you can lose, because you WILL lose all of your first investment
Action
Looking for an entry on Gold?For the past week during the London into New York overlap price has been dipping down for a daily entry finding your close at or just after the close of the New York session. I marked the entries and exits with a red rectangle on each day this pattern has been currently appearing.
USDJPY Bearish USDJPY is currently in a Bearish Descending Channel. Looking for bullish momentum to slow down and consolidate towards the top of the channel. Personally looking for either an ascending channel , or break of any consolidation at the top of the structure + any Rejections. The more confluences the better. However if Bullish momentum does not slow down and we see a break + a Bearish Flag we could see price push higher (111.70).
P.S. Follow for more Price Action Analysis :)