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Priceactiontrading

EURNZD: Potential Long Trade Explained 🇪🇺🇳🇿 EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You need a 4H candle close above to confirm a breakout. Target will be 1.6817. If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
12
GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵 One more instrument that we covered on a today's live stream is GBPJPY. The market nicely retraced to a solid horizontal support. On that, the price formed a double bottom formation. Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation. You need an hourly candle close above that to confirm a breakout. Then a bullish continuation will be expected to 164.16 / 165.053 levels. 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!❤️
Short
by VasilyTrader
17
NZDJPY: Potential Trend-Following Trade Explained 🇳🇿🇯🇵 Hey traders, NZDJPY is accumulating on a key level. The market is coiling within a narrow range on 1H time frame. Taking into consideration that the pair is trading in a long-term bullish trend, I will be waiting for a bullish breakout of the resistance of the range as a confirmation to buy. Wait for an hourly candle close above 85.6 - 85.68 area, then buy aggressively or on a retest. Goals will be 86.0 / 86.3 If the price breaks a support of the range, 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
Simple strategy to help you win in forexThis is a simple Break and retest strategy in video, explaining how you can also take advantage of price action to take profitable trades in the market. This trade was executed live on June 2, key things to note 1) Always look at the higher timeframe to guide you, as you can see following our monthly projection for the month of June we already knew we wanted to be in buys. We dropped down to the daily timeframe to gauge what was happening and saw a wick that needed to be filled on the daily. dropping down to the 4hr we could see a detailed action to capitalize on 2)Always look to take your trades in High volume times, sessions like London and NY provides a lot of liquidity and volume for price to move look to capitalize during those times 3) be patient i hope you enjoyed my short video give a like for more videos like this.
Education
by DMG_price_action_traders
PRICE ACTION TRADING | THREE TYPES OF TRIANGLES YOU MUST KNOW 📐 Hey traders, In this post, we will discuss 3 simple and profitable types of a triangle pattern. 1️⃣The first type of triangle is called a descending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend. Setting a new higher high the market retraces and sets a higher low, then bulls start pushing again but are not able to retest a current high and instead the price sets a lower high and drops to the level of the last higher low setting an equal low. The price keeps trading in such a manner setting lower highs and equal lows till the price sets a new lower low. Most of the time it gives a very accurate signal of a coming bearish move. Please, note that a triangle formation by itself does not give an accurate short signal. The trigger that you should wait for is a formation of a new lower low. 2️⃣The second type of triangle is called a symmetrical triangle. It is a classic indecision pattern. It can be formed in a bullish, bearish trend, or sideways market. The price action starts contracting within a narrowing range setting lower highs and higher lows. Based on them, two trend lines can be drawn. Breakout of one of the trend lines with a quite high probability indicates a future direction of the market. 3️⃣The third type of triangle is called an ascending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bearish trend. Setting a new lower low the market retraces and sets a lower high, then bears start pushing again but are not able to retest a current low and instead the price sets a higher low and bounces to the level of the last lower high setting an equal high. The price keeps trading in such a manner setting higher lows and equal highs till the price sets a new higher high. Most of the time it gives a very accurate signal of a coming bullish move. 📍Please, note that a triangle formation by itself does not give an accurate long signal. The trigger that you should wait for is a formation of a new higher high. Learn to recognize such triangles and you will see how accurate they are. Let me know what pattern do you want to learn in the next post? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4