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Price-action

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
Long
by ab21
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.
TVC:DXY
by Hussam-Qazi
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.
by retirewithmarcus
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😊
Long
by ab21
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 :)
Short
by NavFx