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Priceactiontrading

CRUDE OIL (WTI) Important Structure to Watch 🛢 Hey traders, Crude oil is very close to a major rising trend line on a daily. From that we will look for buying opportunities. To buy with a confirmation watch a bullish flag pattern on 4H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Local targets will be: 108.0 / 114.3 If the price breaks a trend line to the downside, the setup will be invalid and then the market may drop lower. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
5
BTC closed under a Daily S/R - 48k Resistance / 47k SupportBTC has been pumping absolutely wild in the past few days but with no significant high timeframe retracements. The interesting thing to note is how the price was pushed all the way down to under the Daily S/R at 47.1k before finally bouncing back to the mid 47k area. This push down into the Demand zone (A) which was created right above the all-important Weekly Open. The current Supply zone (B) was created from the swing of the high at 48k yesterday. As the price came back down it created a Daily Open for today at (C). This mini range between 47k and 48k is quite interesting and since the Demand zone (A) has been tested but the Supply Zone (B) has not, which tells me the key here is the breakout of either the (A) zone or (B) zone You can draw a range on 47k to 48k if you wanna play that intraday for scalping. Personally, I'm waiting for the breakout and 4hr or higher confirmation of gain of 48k or loss of 47k and the Weekly Open Longs vs Shorts is 50/50 on the retail side so don't let your bullish or bearish bias get the better of you, wait for a key level breakout. I'm also interested in the forced push down of price to under the key S/R at 47.1k for an overtly bearish looking at the Daily Open and flushed most of the longs out all the way to the Weekly Open.
by TrendmasterOfficial
How to Stay One Step Ahead of the MarketHey Guys! As traders, we always want the sense of being one step ahead of the market. In other words, what's happening with current price should not be of consequence to your trading. It's just another bit of information that's added into your analysis of what will happen next. Now the polar opposite of this situation is chasing the market. Where a trader is reacting to what price is doing currently. After years of trading, one thing I can state with confidence, is that if you're chasing the market and reacting to current price, you won't make it in trading in the long-term. I mean, you may get lucky from time to time, but ultimately you're luck will run out. So the question becomes how does a trader stay one step ahead of the market? At the basic level, if a trader can stop focusing on price "direction", and instead begin focusing how price travels from point A to B, they have a shot at being one step ahead of the market. Let me explain. As you guys know, on the Eur/Jpy pair during the month of February 2022, I was consistently taking short trades as price pulled back to the 132.80 levels. Now this is even if price at the moment of entry was moving up. ( I wasn't focusing on price direction) Instead, I was focusing on "how" price moved from point A(on the chart) to point B.(on the chart) Initially, there was 1 minute strong long strength sparking the explosive move up however, there was even stronger 1h strong short strength confirmed on the lower time frames in the beginning of the 1st range. At this point I was already viewing this pair to be short biased,(I was one step ahead of the market) and even if price continued up, as long as there was no confirmation of further long strength I will continue entering short positions. I was able to confidently take multiple short entries because "how" price was moving from point A to point B was not indicative of a long market. Or like I always say, " The lower time frame's price action wasn't complimenting the higher time frames move up." Then finally, there was further 5 minute confirmation of strong short strength and price began its descent. However, if a trader at this point was basing their trades on "current price direction", they're likely to take long positions on this pullback for a possible next move up. A devasting outcome as you can see. So if you always find yourself on the wrong side of the market, firstly, stop putting value onto current price direction. It is just a result of previous price action. Begin asking yourself, "What is the context of the current price direction". Or even better, learn how to read price to know how price traveled from point A to point B and begin staying one step ahead market. For if you a can do this, perhaps you will have a shot at staying in this game for the long haul. I'm sure you guys have questions! Don't hesitate to ask! I'll gladly help! Have a great day guys! Ken
Education
by TradingForexPriceAction
6
GBPCAD: Key Weekly Structure Ahead 🇬🇧🇨🇦 Hey traders, GBPCAD is very close to 2 years' low. With a high probability, we will see a pullback from that structure. To catch it with a confirmation watch a falling parallel channel on 4H time frame. Let the price reach the underlined potential reversal zone first and then wait for a 4H candle close above its resistance. Then a bullish continuation will be expected to 1.6775 / 1.6915 In case of a bearish breakout of the underlined weekly structure, the market will drop lower most likely. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
15
GBPNZD: Classic Trend-Following Setup Explained 🇬🇧🇳🇿 Hey traders, From the beginning of February, GBPNZD is trading in a bearish trend on a daily The pair recently broke a strong horizontal key level, now we see its retest. On a 4H time frame, the price formed a double top formation. 1.924 - 1.926 is its neckline. We need a 4H candle close below the neckline to confirm a coming bearish move. Initial target will be 1.906 If the price sets a new higher high on 4H the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
11
AUDCAD SHORT As we can see with the pair, price has been moving in a bullish direction for several day. The current price behaviour seems to suggest that we might be in for a short term bearish correction. Price is showing signs of exhaustion shown by a potential break of market structure which further suggestion a change from a bull to a bear market in the short term. By looking at the Daily chart we can see a double top pattern formation and when we drop down H4 chart, this pattern becomes much more clearer. We can also see a long bearish pin bar pattern which formed around the high of the current month. With that be said, we will be waiting for price to breakout and close below our key level as confirmation of the trade setup .Once this breakout occurs we will than wait for the retest of this key level before looking for any entries. Our target area is located around the low of the previous month of Feb. The potential risk reward for this particular trade currently stands at around 5.33 to 1. We plan to hold this until target is reach or until price behaviour suggest otherwise and close the trade manually as per our trading plan.
Short
by NDOBObanks
Learn Trend Analysis | Impulse & Retracement Legs 📈 Hey traders, As you asked me, in this educational post we will discuss some price action basics. No matter whether you are a fundamental trader or a technical trader you should be able to execute trend analysis. You should always know where the market is going; if it is bullish or bearish. One of the simplest ways to execute trend analysis is to perceive a price chart as a sequence of impulses and retracements. ➖The impulse leg is a trend-following move. It is characterized by heightened movement dynamics and speed. Usually the completion point of the impulse: sets a new lower low in a bearish trend, sets a new higher high in a bullish trend. ➖A retracement leg is a correctional movement within the trend. Its’ initial point is the completion point of the impulse or retracement leg and its completion point might be an initial point of a new retracement leg or of a new impulse leg. Usually, a retracement leg is characterized by a slow zig-zag movement. Usually the completion point of the impulse leg: sets a lower high in a bearish trend, sets a higher low in a bullish trend. Perceiving the price chart as the set of impulses, one can easily and objectively identify a global, mid-term and short-term market trend, price action trend-following, reversal and correctional patterns. What do you want to learn in the next educational articles? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
9
Trading Price Action in Volatile TimesHey Guys! The world markets are on a wild ride at the moment. With urgent news being released by the day. Traders around the world are trying to guess the next fundamental news to be released and further guess how the markets will react. The world markets become a huge guessing game arena.... Now, that's fine if that's your cup of tea. The adrenaline rush or even the pure intellectual rush one gets from contemplation(speculation) is exceedingly addictive. For me however, what happens in the world really is not of consequence to how I trade. Price action trading reads price and simply acts on its messages on a day to day basis. Whether the markets are in the wild west, or if it's peaceful like a calm lake. It's all the same. Some say that the world of business is all about people. If you understand people, you'll do fine. In trading, its all about price. If you understand how to read price , you'll do fine. Trading Price Action takes away the stress that comes from a turbulent and constantly changing world by exponentially diminishing the "guessing" aspect of trading. To me, that's a huge merit in terms of my quality of life. Just a thought! Have a great day guys! Ken
Education
by TradingForexPriceAction
1