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Priceactionsignals

USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭 USDCHF looks quite oversold after the yesterday's bearish rally. The price is stuck on a key daily support at the moment. My confirmation to buy the pair will be a bullish breakout of a neckline of a double bottom formation on a 4H time frame. A 4H candle close above 0.885 will confirm a violation. A bullish continuation will be expected at least to 0.8874 then. If the price sets a new lower low lower close on a 4H, the trading setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
GBPJPY: Growth Will Continue 🇬🇧🇯🇵 Update for GBPJPY. Earlier, I shared a very bullish forecast for the pair on a daily. Analyzing the intraday price action today, I see strong confirmations of my predictions. On a 4H, the price broke and closed above a resistance line of a falling channel, retesting the broken trend line, the price formed a double bottom and violated its neckline. We can expect more growth now. Intraday goals: 192.1 / 194.64 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦 Update for EURCAD. Earlier we spotted a confirmed bullish reversal on a daily time frame. After a violation of a daily horizontal resistance, the price started to consolidate with a bullish flag pattern on a 4H time frame. The resistance of the flag was broken today with a high momentum bullish candle. It is a strong bullish confirmation and it indicates that more growth is coming. Next resistance - 1.4699 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
NZDJPY: Top-Down Analysis & Trading Plan 🇳🇿🇯🇵 NZDJPY broke and closed above a key daily structure resistance yesterday. The broken structure turned into support. After a violation, the pair became overbought and we see a correctional movement at the moment. The price is steadily falling within a bullish flag pattern. Your bullish confirmation will be a breakout of the flag's resistance. Let the candle close above that, that will indicate the strength of the buyers. A bullish continuation will be anticipated at least to 90.9 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺 Even though, EURAUD is trading in a long-term bullish trend, we can not deny the following bearish clues: First, the pair violated a support line of a rising parallel channel and closed below that on a daily. Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market may easily drop lower. Targets - 1.640 / 1.628 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
HOW-TO: FibDev Indicator and the Newest UpdatesWe previously published a HOW-TO on using this indicator, but since then the UI and the automated signals have changed noticeably. We STRONGLY recommend reading the first HOW-TO for this indicator as the core concepts are still the same (outside of the signals). UI Updates: We now hide the supply or demand zones if they aren't applicable to the current price action. If the price is in the neutral zone, there is no current target zone so both supply and demand are hidden. If price has broken out to the upside, we display the target supply zones at this time and vice versa for the downside, we display the demand zones. The way these zones are calculated is still the same, they are built using daily values and do not change through out the day (regardless of if/when they are displayed on the chart). Automated Signals: This is the biggest change, we are no longer generating automated signals based on possible reversal points of oversold and overbought price areas. This strategy can still be used, but there will be no signals created is all. Instead, the signals are now generated when the price leaves the neutral zone and track momentum vs searching for trend reversals as before. When the price breaks through the neutral zone to the upside a Bullish Break Over signal is now printed implying that we see bullish momentum to the upside. The supply zones will display and now we are tracking the upside move with the indicator. The opposite for the downside break, Bearish Break Under signal and demand zones displayed for tracking the momentum to the downside. Conclusion: The indicator is now tracking momentum vs reversals, but using a combination of the Intraday Clouds and Neutral/Supply/Demand zones you can still use this for reversal setups. Thank you! Great Blue Trading Team
AMEX:SPYEducation
by GreatBlueTradingTeam