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Price-action

BTCUSD - Gains in the next few weeksA quick look at price areas where BTCUSD has been ranging over the last 9 months or so reveal some interesting findings. Firstly, there are 3 quite clearly defined areas where the price is ranging from high to low within the range, this can represent some good trading opportunities straight away if you like to trade chop like this - we don't trade this way ourselves, trend following with a tight stop represents much better risk/reward in our humble opinion! (Of course, it depends on MANY more factors than we have time to write about! Personal preference and trading what works for you should always take precedence.) The second point to make - once price action has broken through any of these S/R levels, it almost always heads off to the next level without much hesitating or waiting around, it will touch the new level and consolidate with the range before making it's next move as it pushes through another level of S/R. We touched the high-end of the lowest of these 3 range areas yesterday, one of two things is destined to happen - either the price will deflect off the resistance here and trace back to somewhere between $6600 and $7100, or it will shoot through resistance and into the next area highlighted on the chart (between $7900 and $9000). Seen as the price hasn't deflected off resistance or shown any amount of volatility (in fact, the price has increased by another percent-ish!) we suspect a break-through of resistance and into the next zone. There's bound to be many levels of accumulated resistance and psychological resistance on it's way up, but with big news approaching (BTC halving), good volume levels and technical indications showing Bullish movements, we're thinking this could go all the way up to $10,000 or $11,000 within a couple of weeks. Let us know what you think! -theCrypster
KRAKEN:BTCUSDLong
by theCrypster
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic. This is " Price Action with Volume theory ". Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout , we are seeing a single directional move. If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases. If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
GEMINI:BTCUSD
by Trade-Technique
245
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!---------------------------------- Support and Resistance explanation: Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof. The market then moves lower, having reversed, back to the floor, where it consolidates. The concept of Support and resistance is important for a number of reasons. --> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s. It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
NSE:EICHERMOTEducation
by Trade-Technique
71
USDJPY MONSTER Trade Alert!It's time for a monster sell on FX:USDJPY ! Even as I write the thing just keeps going down faster than I can get the idea published! As highlighted: big head & shoulders pattern that coincides with the top of the down parallel channel. And price is loitering in a liquidity zone / resistance area. I'm expecting this to go down to the very bottom (blue line). But as always, price action is king so i'ts good practice to never be 100% confident in any oe direction and plan for both scenarios. That's what an intelligent investor practices allowing them to control their emotions and come out on top even during a flopped trade. So I'm opening 3 trades with varying SL and TP and depicted on the chart. But if this analysis is correct, the trading account would gain 43% at only 3% risk (1% risk on each trade). At the moment I've moved 2 of the sell trades to breakeven! Risk is now mitigated to only 1%. Disclaimer: These trade ideas should not be relied upon as a substitute for extensive independent market research before making an actual trading decision. Trading carries inherent risks and a prudent individual will use such information responsibly.
Short
by JetSauce
2
EURGBP long (Supply Demand)Hello Traders ! I already posted this setup. I updated the charts with new Zones and Lines. I expect a push to the upside to the Supply Zone. Structure: We can definitely see bearish pressure. It would not surprise me if the Supply Zone will push the price after a bullish move more to the down side. But we will see. Watch Price Action, follow your trading plan and trade carefully friends. Let me know your view on EURGBP and what you think about my Analysis. Please leave a LIKE to support me if you like the Content I provide on Trading View Thank you and we will see next time - Darius.
Long
by DariusFxTrading
EURNZD long or short (Supply Demand)Hello Traders ! I marked 2 possible scenarios on EURNZD. 1) We could see the price moving to the Resistance Level and from there to see a nice big drop. 2) Instant drop from our Zone marked on the charts Watch Price Action, follow your trading plan and trade carefully friends. Let me know your view on EURNZD and what you think about my Analysis. Please leave a LIKE to support me if you like the Content I provide on Trading View Thank you and we will see next time - Darius.
by DariusFxTrading
EURJPY long and short possibility (Supply Demand Analysis)Hello Traders ! We got 2 possibilities on EURJPY. We are currently at a nice Demand. From here the price could go to the Supply Zone or even to the second Supply Zone. But we also could see EURJPY going through the Demand Zone. Keep in mind that it is a daily Demand and we will need to see a daily close for the final Confirmation. Of course you can read on h4 or h1 Price Action. This can also be your final confirmation. If you have any questions write it down in the comment section below. Also let me know your view on EURJPY and what you think about my Analysis. Please leave a LIKE if you like the Content I provide on Trading View and to support me. Thank you and we will see next time - Darius.
by DariusFxTrading
2