Price-action
EURAUD Strong Movement To Downside, So Observe The Price Action This Pair Could Move Down Side With Huge momentum.
A trade I took earlier EUR/AUDI took this trade way earlier after the cross of the red support line and as you can see it is about to hit my target profit.
Tell a friend to tell a friend I want to see everyone eating right.
Feel free to like and follow, thanks.
The ichimoku is used to confirm trend direction but price action is always my best source.
GBP/JPY time to go long When I trade I tend to use the higher time frames as I believe they are more accurate. The time frame I will be using in this trade is the 4 HR and the daily.
As you can see it is above the ichimoku cloud which is showing bullish on the daily time frame and it has also crossed the monthly resistance level and is signalling an uptrend , and has formed a flag pattern on the 4 hourly after the third touch I will be looking to go in for a buy trade.
Please feel free to like comment and follow will be much appreciated. Thanks :D
R/R:3:1
SL:139.385
TP:141.065
DEEPAK NITRITEAfter the breakout from the cup and handle pattern a retest has confirmed a good up move .
RSI looks strong for the up move.
DXY - Bullish Engulfing Candle On Daily ChartHey Guys!
I hope you all are doing great and having fun with trading.
I have a very nice setup on DXY daily chart to share here.
As we can see on chart a very strong Bullish Engulfing candle which is an early indication of trend reversal.
We are expecting an up move which could happen in possible two setups which i have shared on chart.
Note: Always trade USD pairs according to DXY price action it will help you to identify the high probability trades.
AUDUSDWe going long on AUDUSD. We have a 3rd touch on trendeline and a retracement on 71% Fibonacci.
USDJPY Pure Price ActionJust a quick mark-up on USDJPY's price action. The mark up allowed me to realize there's a key mid-level that prices tend to consolidate. Also, there's an ascending and descending support/resistance where prices shows evidence of respect. I feel like there will be some big move in the near future when prices break out of this wedge type of pattern. I am still practicing marking up as precise as I can. Please feel free to add anything I may have overlook.
AUDCHFWe have a perfect head and shoulders and a third touch on trendeline with retracement 70%. we are goin long. Remember always have up to 3 confirmation before taking a trade
GBP/CAD is going long Took this trade earlier at the break of the trend line when price was at 1.73633 and closed this trade at 1.74440 and closed out with £92.52 profit.
As you can see there was a flag pattern forming on the 4 hour chart I waited until after the 3rd touch of the resistance line to go in and trade and it broke out on the 4th time closed early but happy with my profits in total I caught 807 pips in one day so this was a very good trade.
Stop loss:1.73118
Take profit:1.74944
Risk/Reward:3/1
The ichimoku is used to help confirm the direction of the trend as I mainly just use price action for my main analysis.
Please feel free to like and follow and share my ideas with a friend😊
AUDCAD We have an head and shoulders with a retest and also a third touch on trendeline with 50% retracement on fib. We are going short
LONG ON GOLDHELLO TRADERS, MY ANALYSIS ON GOLD... XAUUSD IS IN A STRONG BULLISH TREND... AFTER RETRACEMENT BACK TO A SUPPORT LEVEL, IT'S NOW SAFER TO GO LONG WITH A GOOD RISK TO REWARD RATIO
EURUSD AT HIGH CONFLUENCE AREA
DOUBLE TOP / M FORMATION
BIG BEARISH MOMENTUM ON DAILY
BROKEN SUPPORT ON 1H GOING DOWN TO 4H KEY AREA
So what are we looking for? a major rejection from the 4h minor trend line and 4h key support if it breaks the structure and trend line with a big bear candle we will short if it continue to be bullish we will wait for it to break the resistance for long posiutions
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
Confluence of Level, trendline, wave, divergence & PATwo trades for 4h & day, with 3R/R and 5R/R respectively.
Short at Key Level High Retest and FailSame logic with prior Euro Short
Key level retest and failed twice in 4h.
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 :)
EURGBP Ascending Channel Break / RetestPrice Has broken out of its ascending Channel, Had a fake Break earlier this week. Clear break With Retest. Aiming for the bottom of the structure.
