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Price-action-trading

Key Patterns Of Price ActionKey patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the bulls cannot push through the next resistance level, a correction begins. It is undesirable that there were impulses during a rollback, a moderate downward movement should be observed; -By basic rules, the bottom of the cup should be formed in the area of correction levels. A deeper rollback is allowed in modified models. In case of a deep correction after entering the market, the position is transferred to breakeven as soon as possible, the probability of the trend continuation is lower, it is better to insure; Double bottom It all starts with the formation of a new low on a downtrend, after which a rollback against the trend occurs. Then, the price goes down again and rests against the previous low. And finally, after pushing off from this level, an upward movement begins, which breaks through the level of the previous local maximum. It is after the breakout of this level (confirmation line) that the final formation of the 'Double Bottom' occurs and you can start buying. The same is with a reversal in an upward market. After the first high, the price should fall by at least 10%. Otherwise, it will mean that the bears are not strong enough. Saucer Let's start with the shape of the figure. Contrary to its name, the correct shape of the 'Saucer' figure rather resembles a bowl. As you can see, the figure is formed by a smooth price movement along a parabolic trajectory. The first half of the figure (the left side of the saucer) is a smooth descent from the edge of the saucer to its bottom. The second half of the figure (the right side of the saucer) is the same smooth rise from the bottom to the edge. Ideally, the second half should be a mirror image of the first. And the bottom should in no case be sharp. The classic 'Saucer' is formed, as a rule, on large timeframes from D1. But you can also find him on H1. Flat base In trading, the term flat means an area on the chart, without a clearly defined direction of price movement, that is, a trend. In other words, flat is the opposite of a trend. Misc Rules -all BP = 10 pips -ideal prior uptrend >30% -for wks abv avg vol: #up>#down -up 20% for new base - undercut base resets base count - 66% or 3rd stage base fails - 80% of 4th stage base fails - in base bottom look for - shakeout - tight closes - volume dryout - accumulation
Education
by DeGRAM
79
GBPCHF - Bullish ViewIn this weekly analysis about GBPCHF, I will share a simple strategy but yet powerful enough to give all of you decent profits. First before explaining further, you all should know that trading is a game of information. And a game always related to a probability. Meaning every party involved in the game can not make sure that they know for sure what will happen in market. Everything analysis made will give you what probability higher than others to happen. Like if you walk out of your house and want to go to do shopping. You know what route you will take to deliver you to your favorite market place. You also know what vehicles you should take to make your journey more comfortable and faster for example. You also know how much money you should take to do your shopping, and what things you should buy. But do you know what will happen to you during the journey to the destination of market place you want? Perhaps, you will get stuck in a traffic jams or you will find difficulty to get place to park your car or you will find annoying people or meet people you do not want to meet or bla bla bla.... There are so much probability you will have. This world like that and including the trading itself. So, you have to realize this , if not you will get to the wrong purpose to find a precision trading system that you will never find in this world. Back to the GBPCHF, after breaking out 1.22866, this pair undergo a very well non volatile bullish trend and then this trend changes. Now market is "pausing" and take breath. Forming a box range correction. So, the trading strategy in this kind of correction obviously difference than the last. So, what should you do? First, you can wait until this correction finished by seeing market breakout the last resistance (1.29660) and jump to market after that (scenario 2) Second, you can trade carefully inside this correction structure as a buyer. Meaning, you wait patiently on support and find a chance to buy on it if market near or at this support. And then riding the upward movement after that (scenario 1). The target already shown in the chart. Okay, good luck then.
GLong
by Jee_D
AUDUSD PRE-MARKET ANALYSIS MARCH 14, 2021OVERALL TREND: BULLISH ON DAILY AND WEEKLY As we can see on the 4H TF, the market is at a corrective movement following a slight uptrend across a major key zone. Taking into consideration we broke into newer lows shown on the vertical zone. We have 3 options to go from here. Either price hits and retests zone 1 which acts as resistance to push the market down, breaking the trendline towards the downside, and hits the support level zone 3 which is a strong support level, and continues bearish. Depending on where the market goes, we have a short opportunity at key zones 1, long opportunity at key zone 2, or both a potential long or short entry at key zone 3, depending on what price shows at the 1H TF.
by Trader_366_FX
Banknifty Shorting Opportunity [21st Jan 2021]Shorting opportunity in Banknifty future if it opens below 32490 with a Stop Loss @ 32620. In case, if Banknifty opens above 32620 and hold for some time then please avoid the setup. Tomorrow morning look for any rejection candlestick patterns like Bearish Engulfing, Hammer, Shooting Star or any other. 1st Target: 32380-32390 2nd Target: 32240-32260 3rd Target: 32125-32140 4th Target: 32040-32060 In case Banknifty breaks 32000 level, then 31500 might be tested. However, 32000 acts as strong support zone. So, better trade cautiously Happy Trading!!
NSE:BANKNIFTYShort
by AkmeAnalytics
ICICI Bank: Key Support and Resistance LevelICICI Bank is in strong uptrend and my personal view on ICICI Bank is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where ICICI Bank might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these levels and when price rejects this price level, you may get an opportunity to make money. Happy Trading!
NSE:ICICIBANKLong
by AkmeAnalytics
BankNifty: Key Support and Resistance LevelBankNifty is in strong uptrend and my personal view on BankNifty is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where BankNifty might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these levels and when price rejects this price level, you may get an opportunity to make money. Happy Trading!
NSE:BANKNIFTYLong
by AkmeAnalytics
Nifty50: Key Support and Resistance LevelNifty50 is in strong uptrend and my personal view on Nifty is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where Nifty50 might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these levels and when price rejects this price level, you may get an opportunity to make money. Happy Trading!
NSE:NIFTYLong
by AkmeAnalytics