NDX shortFollow your rules and monitor the trade setup.
Disclaimer:
For educational purposes. Do your own analysis.
Falconfx
Bitcoin short term buy setup (falcon)BTC obviously on a downtrend as shown by the descending channel. We've had a minimum of two(2) touches from the highs and the lows respectively. Price looks good for a buy as it approaches the highs for a touch one more time to complete the falcon pattern(three touches) before selling off as three touches have the highest probability.
XAUUSD Stop hunt filter setupGold approaches a vital point where the hedge funds tend to get retail the traders on the wrong side of the market by breaking the highs or lows (high in this case) and then move price back into the structure to complete their agenda. In falcon strategy, we have a way to filter such scenerios. A high or a low is consider broken only if a correction comes above or below as the case may be, however, we wait for price to move back into the structure, give us a clear correction to signal a continuation then we enter the trader as shown on the two diagrams.
EURJPY Long setup (Falcon strategy)Overall descending channel. Price gave us a third touch on the supporting trendline of the pattern, moved to with an impulse to the upside and gave us a continuation pattern (correction) to signal a buy entry. In falcon, price moves in two forms: impulse & correction. We had our first impulse and correction so we're now expecting another impulse to the upside.
USDZAR Bearish outlookUSDZAR has been moving to the upside in a corrective manner and finally reached our 60% fibonnacci level. USDZAR has been correcting to the upside with a rising channel and our second touch we go a double top which is an overide of the third touch we were expecting.
Entry; wait for an impulsive push outside lower timeframe ascending wedge and look for a continuation correction on lower timeframes to enter sells
Trade IdeaHey all I trust you are well and healthy.
This is my first publish and I want to grow and learn.
I am a pure price action trader and currently, I am a Falcon Fx Student.
This is my trade Idea, so please feel free to comment with your thoughts.
Please note I don't trade with indicators or anything like that.
Just Pure Price Action.
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XAUUSD (Gold) continuation sellsGold has Ben bearish for quite a while and looking at our technicals we still expecting it to sell.
Looking at our lower timeframe structure,we had an impulsive move to the downside and we getting a continuation sell to atleast the previous lows.
Entry:
-We will be taking a reduced risk entry sell on the break of the correction with our SL on the high of the structure and targeting the previous lows.
EURNZD SELLWe have our double top at the are followed by a push down and a flag on the 1H. The flag has a 3 touch structure with a corrective nature and above all, we got our candlestick pattern. all we waiting for is to be triggered into the position. Soon as we close at a 1:1 RR we move stop to entry.