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Priceactionstrategy

GOLD LONG SET UP Hi Everyone, Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels. We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the resistance zone in green which is now acting as a big support. Let me know where you guys agree or disagree on this idea and also let me know where you guys think gold is heading for the next days. Cheers everyone!!!!!
OANDA:XAUUSDLong
by sweeezy
Trend Channel Early Direction and Best Entry NIS- Nava Imbalance Strategy - Using Only Price Action, We can find the best entry to catch those HUGE returns! This is how to detect early direction and perfect entries and exit points using Wycoff method. (on diagonal trend channels not support/resistance) This Wycoff pattern will create imbalances on parallel trend channels. IMBALANCE (price moves outside of trend channel then returns.) First imbalance is showing who is in charge regardless of trend channel direction. Example -IF first imbalance is on top, & trend channel is going up, Look for entry at new imbalance #2 at the bottom of trend channel to catch biggest move. Best Entry = @Fakeout / Safe Entry= @ return to trend and retest trend line. -IF first imbalance is on top, & trend channel is going down, Price will move with trend until higher time frame trend channel line is hit. Price will then start to return to imbalance below slowly. This pattern repeats on all trend channels that have been correctly placed. - We find correct channel placements by making trend channels from daily down to entry time frame. - Hide higher timeframe trend channels to see better in the lower time frame channels but will need to see where they are as price approaches the trend lines. - Trend channels like to continue the push of a trend until bounce of higher time frame trend channel lines to follow higher trend channel or breakout. You can follow price with trend channels once you have entered until price starts making imbalances in the opposing direction.
Education
by JOKESTV
GBPAUD: Your Trading Plan 🇬🇧🇦🇺 GBPAUD is trading within a wide horizontal trading range on 4H. The price is currently coiling around its resistance. To short with a confirmation, watch 1.8128 - 1.8166 area. It is a neckline of a double top pattern. We need a 4H candle close below that to confirm its breakout. Short aggressively or on a retest then. Goals will be 1.808 / 1.803 If the price sets a new high though, the setup will become invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
AUDJPY: Your Trading Plan 🇦🇺🇯🇵 Update for AUDJPY. The price was nicely rejected from a resistance line of a falling parallel channel on a daily. To short with a confirmation, pay close attention to 92.4 - 92.55 area. It is a neckline of a head and shoulders pattern that I spotted on 4H. Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then. Goals will be 91.9 / 91.3 If the price sets a new high, the setup will become invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
AUDJPY: 2 Scenarios Explained 🇦🇺🇯🇵 Very peculiar situation on AUDJPY. The market is trading within a falling parallel channel on a daily and approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios. Bullish If the price breaks and closes above the resistance of the channel, it may initiate a bullish continuation. Goals will be 93.7 / 94.5 Bearish The market may also drop from the vertical resistance. To short with a confirmation, watch a bearish flag pattern on a 4H. Its bearish breakout will trigger a bearish continuation to 91.9 / 91.6 Wait for a breakout and follow the market then. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
USDCAD LONGUSDCAD looks very bullish. We can see that by looking at the bigger picture, the pair is in a nice strong uptrend. This can be confirmed with the breakout of a counter trendline as well as price action turning bullish with breakout of our key level being the lower high. We are expecting to hold trade for around 3-4 weeks. We are looking to make between 10% to 22% on this trade depending on how far price goes in terms of our targets being T.p 1 to 3 at 2% risk per trade.
Long
by NDOBObanks
USDJPY: Your Trading Plan 🇺🇸🇯🇵 USDJPY is approaching a horizontal daily supply area. To short the market with a confirmation, watch a head & shoulders pattern on 4H. 135.95 - 136.35 is its horizontal neckline. Wait for its bearish breakout - 4h candle close below, then, sell aggressively or on a retest. Target will be 134.28 If the price sets a new high, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
6
GBPNZD: Consolidation & Indecision GBPNZD is consolidating within a narrow horizontal trading range on a daily. After a sharp bearish impulse, the market is coiling for the entire month. To catch the next bearish wave, watch 1.9125 - 1.92 horizontal support. Wait for its bearish breakout (1h candle close below that). Sell aggressively or on a retest, then. Next support will be 1.889 Be patient and wait for a breakout. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
GBPJPY: Important Breakout 🇬🇧🇯🇵 GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks. The market reached a key daily structure resistance on Friday. Bears started to push heavily from that and the price broke and closed below the support of the channel. It will trigger a bearish continuation. Next supports: 166.3 / 165.3 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
Is The gold Market About To Collapse?!In the early Asian session trading it looks like Gold is respecting a 3 month key level... offering a great opportunity for a high risk to reward trade. These key levels when respected, get huge price momentum and are the catalysts for long multi year trends. Could this be the start of a new one? In our analysis we break down from the 3month to the 15minute timeframe and show all of the potential key levels Gold can trade into. Let us know your thoughts below.
OANDA:XAUUSDShort
by JoelWarby
2