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Priceactionstrategy

GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸 Here is my technical top-down outlook for GBPUSD. The pair has recently broken a major falling trend line and a solid horizontal supply area. The broken structures turned into supports now. The closest resistance that I see is 1.168 - 1.174 area. Analyzing the intraday perspective, I spotted a falling wedge pattern on 4H time frame. I believe that the next bullish move may initiate after its bullish breakout. Monitor the underlined green supports for buying opportunities and look for a confirmation on lower time frames. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
EURJPY LongList of confluences: 1: Falling Wedge Breakout 2: Trendline Breakout 3: Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that EURJPY remains in a uptrend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to Buy/Long the pair. We are expecting a potential return of between 12.12 % to 24.24% at 1 - 2 % risk per trade.
Long
by NDOBObanks
USDCHF: 2 Scenarios Explained 🇺🇸🇨🇭 Update for USDCHF. The price is currently approaching a key daily structure resistance. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks and closes above the underlined blue zone on a daily, a bullish continuation will be expected to 1.02 Analyzing intraday time frames, I spotted a triple top formation on 1H time frame. 1.0036 - 1.004 is its neckline. If the price breaks and closes below that, I will short the pair. Targets will be 0.9985 / 0.9935 Wait for a breakout, then follow the market. 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
8
CHFJPY Buy/Long1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle pattern breakout further adds to our narrative of a continuation to the upside.
Long
by NDOBObanks
1
2000 Pips for Grabs as the new kicks offWhat may possibly play out as we go into the new week-2000 Pips .In my personal opinion S&P 500 has been largely bearish since 22nd Sept though a pull back on 4th Oct.which is normal in order to regain some momentum, However The Friday NFP news triggered the continued bearish momentum which pushed the price to currently 3631, so i may likely be placing my SALE.and my First TP @ around 3572 and 2nd TP somewhere before the .27 Fib ext.,Until then will i reanalyze for any possibility of change to Bullish or not.
BLACKBULL:SPX500Short
by Ejike_Odeh
EURCHF Sell List of confluences: 1: Rising Wedge Breakout 2: Trendline Breakout 3:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that EURCHF remains in a strong down trend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to short/ sell the pair. We are expecting a potential return of between 6.35% to 12.7% at 1 - 2 % risk per trade.
Short
by NDOBObanks
2
EURGBP: Trend-Following Trading Plan 🇪🇺🇬🇧 Update for EURGBP. We have spotted earlier a bullish breakout of a weekly resistance cluster. Now the market retests that. To buy with a confirmation, watch a bullish flag formation on 4h. We need a 4H candle close above its resistance to confirm the breakout. Then buy aggressively or on a retest. Targets will be 0.8779 / 0.881. If the price breaks a support of the flag, 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!❤️
Long
by VasilyTrader
3
Trading Basics | How to Identify The Market Trend 📈📉 Hey traders, In this article, we will discuss a proven price action based way to identify the market trend. ❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend. Your judgement should be based on strict and objective rules that proved its accuracy. There are a lot of ways to identify the market trend. One of the simplest and efficient ones is price action based method. This method relies on impulse legs. The market never goes just straight up or down, the price action always has a zigzag shape with a set of impulses and retracements. The impulse leg is a strong directional movement, while the retracement is the correctional movement within the boundaries of the impulse. 📈The market is trading in a bullish trend if 3 conditions are met: 1️⃣the price forms an initial bullish impulse, 2️⃣retraces, setting a higher low, 3️⃣then starts growing again and sets a new high with the second bullish impulse. Once these 3 conditions are met, we consider the market to be bullish, and we expect a bullish continuation in such a manner. 📉The market is trading in a bearish trend if 3 following conditions are met: 1️⃣the price forms an initial bearish impulse, 2️⃣retraces, setting a lower high, 3️⃣then drops lower and sets a new low with the second bearish impulse. Once these 3 conditions are met, we consider the market to be bearish, and we expect a bearish trend continuation. ➖The third state of the market is called consolidation. The market is trading in a consolidation if the conditions for bullish or bearish trend are not met. The price chaotically forms bullish and bearish impulses, usually trading within the range. Knowing the current trend, one always knows whether a current trading position is trend-following or counter trend, or it is a sideways consolidation trade. Learn these simple rules and try to identify the market trend with them. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9