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Priceactiontrading

Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian market open after some stronger than expected US retail Sales triggered a choppy session. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes...although traders are focused on a resilient economy fending off a recession.. I look at some key levels to watch and the price action setups I expect to play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZN1!
by TradeTheStructure
DOLLAR INDEX (DXY) Waiting For Breakout 💵 Dollar Index is consolidating. The market is currently coiling within a horizontal trading range. 103.73 - 103.97 is its resistance. I believe that the next bullish move may initiate after its breakout. Wait for a candle close above that first, then buy aggressively or on a retest. Next resistance will be 105.1 Remember, that a bearish breakout of the support of the range may push the index lower. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
6
EURGBP: Bullish Setup Explained 🇪🇺🇬🇧 EURGBP formed a huge ascending triangle on a daily time frame. The price was nicely respecting its horizontal neckline for some time. It was finally broken yesterday with a strong bullish candle. Now, the broken neckline of a triangle and its trend line compose a contacting demand area. I suggest waiting for an occasional retest of that area, expecting a bullish continuation. Goals: 0.9 / 0.95 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
🥇Eyes on GOLD, waiting for a pullback to go long.🟢If we see a pullback with good developing price action in GOLD, that's when we make our move. We evaluate if the risk to reward ratio is good enough to justify entering a long trade and set our target accordingly. Entry could be a price action confirmation signal near the zone or a limit order, again depending on how price action develops. We don't just jump in blindly, we also think hard about where to place our stop loss. But if the pullback doesn't happen, I'm not one to chase the market. I stay disciplined and wait for the next high-probability opportunity. No FOMO, no trade. Pass and keep grinding.
PEPPERSTONE:XAUUSDLong
by TradingEdgeHQ
1
CADCHF: Potential Pullback Trade Explained 🇨🇦🇨🇭 CADCHF is approaching a key level. To catch a pullback from that, watch a triple bottom formation on 1H. 0.679 - 0.6796 is its horizontal neckline. Your confirmation will be its bullish breakout (hourly candle close above). Then buy aggressively or on a retest. Targets: 0.681 / 0.6822 If the price sets a new low, 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
9
NZDCAD: Time to Buy 🇳🇿🇨🇦 Update for NZDCAD. Yesterday, we spotted a confirmed breakout of a key horizontal structure and we underlined a zone from where we should look for buying opportunities. Testing the underlined zone, the price formed an inverted head & shoulders pattern this night. Its neckline was broken. I expect a bullish continuation now to 0.866 / 0.86975 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3