EURUSDIf we keep the price down this resistance we will have a continuation of the bearish momentum and hit the trendline for 100 pips -+
Forexeducation
GBPNZD Reversal to LongAfter and only after some bullish confirmation at the start of the week, we can expect a reversal of this pair for the bullish side.
We have a clean head and shoulders and a clean correction.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
double top price failing to break the previous high.
The double top is another pattern you can add to your price action trading armory.
Like all patterns, you should practice the heck out of it and make sure you use the strategy that is in line with your trading personality. Don’t use the more aggressive approach if you are suited to wanting confirmation.
I recommend using the double top and double bottom patterns with your other trading strategies. Whilst it can be a great method to spot market reversals, it is just one pattern.
You can use many other strategies such as adding price action triggers, identifying the trend, watching the recent momentum, and using the overall price action story to help increase your odds of making winning trades.
Safe trading,
GBPAUDprice failing to break the previous high,
our previous support now turned resistance,
i expect the price to continue falling .
XAUUSD- Sell setup in playLooking for shorts on a intraday trade. Aiming for the hourly lows of 1770.
after retracementthe trend is to the downside,
previous support now turned resistance,
after the collection, I expect more to the downside
more to the upsidethe trend is to the upside.
previous resistance now turned our support,
after the pullback I expect more to the upside.
EURUSD Markup + commentaryWhatsup Traders
I'm breaking down how EURUSD price action performed today.
There were some really nice moves on the 1 minute chart - regardless of which way you decided to trade.
I am still testing some new things and working on reducing the time I spend at the screen trading. I will be talking about some time management in this video as well.
If you have any questions or concerns, please do not hesitate to reach out to me.
Cheers
Dilpreet
XAUUSD BUY Took a buy when the D candle flipped bullish. Closed the trade within a minute with 13 pip profit
break and retestthe trend is to the upside
price has broken our previous HIGHER.
After the pullback i expect continuation to the upside
after pullbackthe trend is to the downside,
the level of support now turned resistance.
after the pullback I expect continuation to the downside
after pullbacktrend is to the upside,
price has broken our previous resistance which is now turned support
after the pullback, I expect continuation to the upside
follow the trend until the end wait for the break and retest.
the trend is to the upside
if the price breaks our resistance level, after the pullback I expect more continuation to the upside
keep following the trend the trend is to the upside
level of resistance now turned support
i expect more continuation to the upside
trend is your friend The trend is to the downside, price is respecting the trendline.
if the price breaks our horizontal ray after the pullback I expect continuation to the downside
Our NZDJPY is Bullish/Buy - Final target still 540 pips out!Hello traders;
Here is your NZDJPY Focus for today;
According to our Currency Strength Meter Mark, the NZD reads stronger than the JPY, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
Thank you.
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Inverse head and shoulder patternInverse Head and Shoulders
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
CASINO'S REMEMBER LOSSES AND GAMBLERS REMEMBER WINSHave you ever heard the saying that the casino complains about their losing days and every gambler brags about their big wins?
Well the same thing applies to traders. Diligent traders remember their big losses rather than their wins, where losing traders remember their big wins.
Sticking to consistent small gains over time rather than targeting huge wins is a staple of every great trader.
price respecting the trend line trend is to the upside,
level price respecting the trend line,
now waiting for the momentum shift.
expecting a move to the upside
AUDUSD daily price trend correction, before another bearish legHello traders;
Here is your AUDUSD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
Thank you.
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EURUSD Sell zone highlighted with yellow box on chartHello traders;
Here is your EURUSD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the EUR, thus only looking for BEARISH /SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
I will be watching this pair carefully, and looking for a swing shorting opportunity if it goes into my colored zone from 1.1620 - 1.1660. My potential stop (1.1760) and take profit (1.3000) is also outlined on chart.
Thank you.
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head and shoulder patternThe head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time.
The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.
