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Priceactionstrategy

AUD show a possible correction before to continue up!!!Hello, in this updated, firstly, I canceled my long position, because in H1 timeframe, I found out a bearish rising wedge, this could be a correction of approximately 100 pips to pick down. We hope a drop of the price before to continue up!!! The latest analysis in Daily timeframe there is a 2 candlestick of indecision of the market, that could be a possible correction before to continue up!!! So, guys, I canceled my long position and closed up with a net loss of approximately of 4 pips. That is not bad, but is neccesary to follow what the market is trying to say us. I think that in weekly could be a possible re-accumulation zone following this arrow structure because Australian Dollar is so run for the past days So, a meesage for you good luck with your trades!!!
Short
by harisonhbn9718
1
GBPJPY Catching S/R traders on the wrong side of the marketHere is my analysis on GBPJPY and why i believe price action is so important. The typical support & resistance trader would buy after retesting its previous High. However what is important to see from this analysis is how price action gets to that point of price. Price was in an ascending channel, in that channel a sideways channel followed, breaking out from that followed another ascending channel breaking above its " Double Top " . Waiting for the right signal, in this instance it was the break of its consolidation coming up to its third touch. I believe GBPJPY will be bearish for some time and will be looking for more scale in opportunities such as continuation flags . Aiming for the bottom of the structure if we get a break of its bigger ascending trend that it is currently in to confirm Further Bearish Movement.
Short
by NavFx
GBP/JPY 1HR LONG Daily candle is bullsih. The price could fill the Daily wick to the left. However, making retracements before filling the wick. 4HR formed some kind of resistance. The candles formed support and testing the resistance again. 1HR, the candle above the range. candle went up but came down and might close back in the range making it a fake out. In 30m, price broke the previous high. Now, its making a pullback. price has been rejected a few times from the range. Will be looking for a Buy option if a support is formed here with a strong bullish candle. Or it could could go even lower to the 1HR zone. Will be looking for a support to be formed there if the price went to that level. Any feedback is welcomed :)
Long
by Govv510
The most perfect entry in short: Euro/Sterling PoundI'm happy to identify anohter perfect entry in short for Euro/Sterling Pound. And it's in H1 timeframe, it's a 2nd entry in short wiht objective to find down 130 pips and another 160 pips itssequal near of 300 pips if you operate with 0.01 lots, but in my case as I was earning, I operate with 0.02 lots. This is a huge signal to short position in this par Now, in H1 timeframe we have a Bullish Butterfly, but not bullish in H1 timeframe, because the price is arrive at 0.50% of Fibonacci to entry in short position in this armonic patterns. Also, I make a break even in my first operation to 0 pips, I do not loss and not earn, but 0 pips is without earns and without loss, to proteted my position and open up my second position in this par in short Well, this is a good singal to making a short But if you see the H4 timeframe, we are making a pull back in this timeframe, and the objective is so bearish, so in the next par I will going with 44 pips in profit in this par in my first operation with near of $10 USD earning in my first operation operate 0.02 lots As we look in EUR/USD, the par EUR/GBP is bearish too, all pars in EUR we could to found out in sell about the surgement of the US Dollar, ' Now, I share with you my fundamentals of this par and what we see: 1. GBP/EUR exchange rate forecast: Sobering GDP figures to drive collapse in the pound? 2. GBP/EUR exchange rate muted ahead of key GDP release 3. Grim UK GDP figures to reverse pound in the recent rally soon 4. While te pound has found room to a recent weeks, there is a major risk of Sterling relianishing a good portion of these gains this week on the back of some sobering GDP estimate for the second quarter will report that the UK economy suffered a record contraction, with growth shrinkg over 20% and plumging the country into a deep recession 5. The UK dramatic slump in comparasion with its perer looks to have driven by the government delayed lockdown announcement, which in turn have led to a later lifting of restrictions and reopening economy in UK. 6. While of that, Bank of England recently ravised its growth forecast for 2020 up from -14% to -9.5% analysts believe there is limited chance for a V-shaped recovery, given that coronavirus risks still remain. 7. Garry Yound, deputy director of the National Institute of Economic and Social Research said that: "A rapid V-shaped recovery is a possible outcome still, but all the risks seem to be to the down side. If we get another wave of the virus and have to do more widespread lockdowns, that's going to know the economy off that V-path. Well, in conclusion, we have bad as good news and we always need to monitored this par becuase the relationship between the United Kingdom and European Union is so go to hand to hand to trade their future of Europe. As this par is sensitive this par the only move is based the fundamentals, for now, the only expectative for short term waht we see is that GBP is cooming to strenghten agains the all par, specially in EUR/GBP.
Short
by harisonhbn9718