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Priceactiontrader

GBPJPY: Important Decision Ahead 🇬🇧🇯🇵 GBPJPY is currently consolidating on a key horizontal resistance. I see a tiny horizontal range on a 4H time frame. It feels like the price may drop from that structure. Our confirmation will be a breakout of the support of the range. 4H candle close below 188.24 will be your bearish signal. A bearish continuation will be anticipated then at least to 187.75. Alternatively, remember that a bullish breakout of the underlined blue resistance can be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
GBPCAD: Your Trading Plan Explained 🇬🇧🇨🇦 GBPCAD is testing a solid rising trend line on a daily. Probabilities are high that we will see a bullish reaction to that. Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 1.7105 will confirm a violation. A bullish continuation will be anticipated to 1.713. If the price sets a new lower low lower close, a setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Best Trading Confirmation. Learn 95% Accurate Entry Signal I have analyzed 1300 forecasts and signals that I shared on TradingView last year and found 95% accurate trading confirmation. In this article, we will discuss multiple types of confirmations and their winning rate on Forex, Gold, Indexes, Crypto & Commodities. First, let me introduce you to the types of analysis that I provided. 1 - Structure based forecast I have shared more than 55 trading setup with key levels analysis: Where the price is approaching a key daily horizontal support and resistance. Here is the example of such a post. Test of a key horizontal or vertical support/resistance turned out to be a poor trading signal. Total accuracy of structure based forecasts is 38% . Please, note that if we consider the market trend in our calculations, the trend-following structure based setup will be 42% accurate, while a performance of a counter trend setup drops to 35% 2 - Structure breakout based forecast I analyzed and posted 73 posts with a key structure breakout as a confirmation on a daily. Above is the example of a such a forecast. Key levels breakout turned out to be a strong bullish or bearish confirmation with 59% accuracy. Trend direction did not affect the efficiency of a key structure breakout that much, with a 60% accuracy of a trend following setup versus 57% of counter trend. 3 - Structure based forecast with a single intraday confirmation I shared more than 500 setups with a test of a key structure on a daily and a single price action based bullish or bearish confirmation on a 4h/1h time frame. My intraday confirmation is a formation of a price action pattern with a consequent breakout of its neckline/trend line in the projected direction. Please, check the example of such a signal. Just a single intraday confirmation dramatically increases the accuracy of a structure based setup. Average winning rate is 66%. 4 - Structure based forecast with multiple intraday confirmations I spotted and posted 200+ forecasts with a test of a key structure on a daily and multiple price action based bullish or bearish confirmations on a 4h/1h time frame. Multiple confirmations imply the formation of multiple price action patterns on 4/1h t.f. Here is the example of such a setup on EURGBP. Two or more confirmations on a key structure increase the average winning rate to 72%. Among multiple confirmations, I found a 95% accurate bearish signal: The market should be in a bearish trend. The price should test a key daily structure resistance. The market should form a rising wedge pattern on a 4h/1h time frames and the highs of the wedge should strictly test the key structure and should not violate them. After a test of structure, the price should form a bearish price action pattern on the highs of the wedge. Above is a setup with the best trading confirmation. A bearish breakout of the neckline of the pattern and a support of the wedge was a 95% accurate trading signal this year. Of course, there are various confirmations, depending on a trading style. The ones that I shared with you are structure/price action based. And I am truly impressed by their accuracy. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
AUDCHF: Waiting For The Next Move 🇦🇺🇨🇭 AUDCHF is trading within a narrow horizontal range, after a formation of a strong bearish impulse. I believe that selling volumes are currently accumulating. Our trigger to short will be a bearish breakout of the support of the range. 4H candle close below 0.5675 will confirm the violation. A bearish continuation will be anticipated at least to 0.5645 Alternatively, remember, that a bullish breakout of the range will most likely push the prices higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1