Bitcoin simple resistance zoneInbound Horizontal resistance coming up for BTC?
The orange zone acted as very strong support multiple times during 2021-2022.
Good zone to keep an eye on 👀
Horizontalsupportandresistance
Goal: +8805 (UKOILSPOT)Expect UKOILSPOT price to increase 8805 units. If price closes above 97.325, then watch for bullish price action signals.
Goal: +7613 (USOILSPOT)Expect USOILSPOT to increase 7613 units after price closes above 93.322. If price closes below 93.322, then the trade idea is null.
GBPUSD ! trading above strong support, wait for pullbackLast week because of rise in DXY, GBPUSD broke it's strong resistance level. Right now price level trading near a strong support line; 1.17900. It is seems that by next week price level will do correction on the support line. Anyone thinking about going short, be aware of the two levels.
MOVING AVERAGE TRADING | ADVANCED LESSONHello traders 👋
Today im sharing my trading strategy with moving average.
What Is an Exponential Moving Average (EMA)?
An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend.
How to trade And Use moving average. 🧑🏫
When most traders use it moving average crossing. I don't think it's a good strategy. For me, when using it, looks at a trading setup.
1. Looking daily timeframe 👀
This is because you want to find the price action for a longer period and not just some light movement.
2. Draw ✏️
To draw a trend line ( if you don't know how to draw trendline watch my last lesson)
3. Add 50 EMA 📉
4. The Basics of Support and Resistance + key levels ✔️
the concept is applied in order to maximise the chances of winning trades.
5. Looking for entry + risk management 💰
Always wait for confirm example; trend line break + price making lower low + pullback + add indicators.
In this lesson, we expect EURJPY to fall below 134.50. Let's see what happens in the future.
🤲 If you are enjoying the lesson, please hit the like show your support. 🤲
USDJPY Bullish MomentumWait for a pull back into support. A bullish pin bar, engulfing bar, or inside bar may form on horizontal support for a long position.
XAUUSD Entry Price 1814.69; Target Price 1828.49Watch for bullish price action such as a pin bar or engulfing candle from the 1814.69 support area. Key resistance comes in at 1828.49. Alternatively, a daily close below 1814.69 area could send the pair lower to 1796.74.
USDCHF 2022-Jan-26 Trade Idea (Target Price 0.92310)The second entry came on the break & retest of level 0.91932. See pin bar (rejection candlestick) at 0.91932 horizontal level.
TRXUSD Target Price 0.0714See multiple touches at price level 0.0691. There are multiple touches on both sides of the horizontal line at 0.0691. Also Exponential Moving Average Period 10 is 0.0691.
How I Traded The Yen Pair (EURJPY)Price action signal formed at horizontal support resistance level. Entry at closing price of engulfing candlestick at horizontal support level. Set Take Profit at horizontal support resistance level. Set Stop Loss at low of engulfing candlestick.
Note: EMA 10 EMA 20 is positive slope.
Entry Using EMA 10 Level EMA 20 Level Horizontal Support LevelDraw Your Level
Wait For The Close Above Level
Watch For A Bullish Price Action Signal In the form of a Pin Bar or Rejection Candlestick
USDMXN Triangle Chart Pattern USDMXN Bullish Confluence Factors
Trend: Up
Level: EMA 10 Dynamic Level is above EMA 20 Dynamic Level; Four or more touches on horizontal support resistance level
Signal: "Wait For Price To Close Above 20.88690 and then watch for a bullish price action signal near price level 20.88690."
USDSGD Target Price 1.36324USDSGD Pin Bar Trading Strategy
Up Trend
Exponential Moving Averages (Dynamic Support Level)
Horizontal Support Level
Pin Bar
The confluence factors are TREND LEVEL SIGNAL.
TREND: UP
LEVEL: Horizontal Support, Dynamic Support
SIGNAL: Pin Bar
SOLUSD Target Price 260.323SOLUSD (Solana) Crypto is now the sixth largest cryptocurrency with a $60 billion market capitalization. This puts its rank just behind (Cardano) ADAUSD in the list of the largest cryptos, according to CoinMarketCap.
ADAUSD Target Price 2.3022ADAUSD Entry Price 2.1269
There are three (3) higher lows moving into support resistance level.
My Strategy Works On All Markets and All Time FramesPrice closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line.
In this example, there are three higher lows moving into a diagonal resistance level and a horizontal resistance level. Price broke through those two levels and retested those levels with a pin bar. After the break and close above the horizontal and diagonal level; those levels became support.
Entry is the closing price of the pin bar. Target price is the previous swing high.
LUNAUSD Target Price 53.255LUNAUSD Entry Price 50.574. Watch for a price signal near price level 50.574.
SUGARUSD Target Price 0.20352SUGARUSD. Wait For A Close Above 0.19318. Wait For Price To Close Above 0.19318. After the close, watch for a price action signal.
