Priceactiontrader
EURJPY Easy 150+ GainEURJPY can move 2 ways- short until trend and launch on a long position, or rally from actual price at the moment. Both are beautiful positions for an increase in equity. Fundamentals and technical look beautiful. Stay blessed, keep increasing that equity curvature and lets 211 these banks!
Fundamental-Economic Calendar: Market Composite PMI & Services PMI for February Increased
Technical- Price Action Analysis
USD/SGD Long Position Buy Op
Daily/4Hr
Price has been in a downtrend but it is looking like we may have a reversal/breakout happening.
The 50MA has crossed over the 200MA on the 4hr and may be pulling back to the 200MA on the Daily.
Will be looking for my buy entry on the higher low/50MA on the 4hr chart and 1hr for candle confirmations.
Entry AREA 1.33360
SL 1.33008 (35Pips)
TP 1.35000 (163Pips) 1:4.66 Risk/Reward
EUR/USD Possible Short. Sell Op 4Hr Timeframe
Price has started a downtrend and is currently in consolidation on the 4Hr timeframe.
Shooting Star and Marubozo candle on 4Hr Resistance.
Looking to get in on the LH/4Hr resistance or the pullback to the 50MA on the 1Hr timeframe.
Entry 1.21200 AREA
SL 1.21860 (66 Pips) Use proper Risk Management!
TP 1.17500 1:5 Risk/Reward
DON'T FORGET TO TRAIL YOUR SL!!
Weekly Bearish Special Crab on BTCThe special crab on the weekly on BTC those that extends to the 1902 fib level discovered by Scott Carney ( my mentor). As we can see, this is the first time this pattern is completing so we expect a Type1 reaction to a minimum 382 fib level which is around 22k ish and a maximum 618 level around 15 ish. These markets have been overbought I believe it will continue to the up side if the market breaks above 34800 it’s new ATH. Thank you. Please like ,follow and comment if you find this useful.
NZDUSD Price ActionNZDUSD Is looking to fall this week following this recent price action. Price action is showing us price breaking out of a 3 touch structure, but what is important is how we broke out. This is important because price has broke out in the formation of an ascending channel. This current ascending channel it is currently in is crucial because it could be a prime example of how Price action fools typical support and resistance traders. The normal S/R flip would indicate a buy off of a retest of its previous high. Price action catches these traders on the wrong side of the market, and has the potential of having a huge bearish move this week to the bottom of its bigger structure. Best of Luck to my traders this week!
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GBPUSD Price ActionHere we are looking at a typical 3 touch structure . Price is getting to its third touch in a smaller ascending channel. I am personally waiting to see how we reach the third touch, Whether or not we reach more consolidated or impulsively is yet to be known, however with the price action given (after news) we are left with a clean structure. Looking for SHORT opportunities.
NZDUSD BEARISHNZDUSD : Was originally looking for third touch in bigger structure however we created a three touch structure on the 1 hour time frame. Bigger structure had a corrective break, as well as a break of that smaller correction as well. Many confluences to this Pair leaning towards a very bearish outlook. Aiming for the bottom of the bigger structure.
GBPJPY READY TO FALLGBP/JPY is currently in an ascending channel nearing a double top. Anticipating price to make a third touch past the double top catching people on the wrong side of the market. Most Support & Resistance traders will see price pass its double top and will be ready to look for any Long positions off the retest. Waiting for price to slow down and consolidate near its third touch. Waiting for confirmation later this week with rejections and clean price action confirmations.
EURUSD| GO LONG OR GO SHORTGood morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range.
nonetheless I will be waiting for price action to confirm.
let me know your thoughts.
EURUSD| Outlook for the MorningGood morning Traders,
I hope you have all had a good weekend,
As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment.
We could have price action that spills out as illustrated, If we do Id be looking at what price action is telling me at that given time, the key is always to focus on what price action is telling me in the interim as well as what the overall picture is and where price action has come from.
let me know your thoughts, agree disagree or neutral. Thank you