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Priceactiontrading

PRICE ACTION!!!Yes, Yes here we are from a coldy day in December from Amsterdam... Here is some basic price action.. I am trying to teach myself not to look at things but really SEE things when you look at them.. The same goes for not trying to listen but really trying to understand while listening... I am a student of the AL BROOKS (1 week) price action course and here is my starting analysis.. I am open for feedback.. I am a lifelong student.. But what I think is not important what is important is what the chart is telling... The main lesson is; 80% of breakout attempts out of trading ranges FAILS. 80%(!!)
by MoneyMakingMuro
1
BAL/USDT: Fight on very strong resistance right now!The BAL/USDT cryptocurrency pair is located just below the strong support/resistance area, which currently acts as resistance. If this area is broken up and retested, the price of the BAL may rise to around 34.5, where another strong S/R area is located. We are monitoring the situation and we will wait to see if all the conditions for entry are met, according to our strategy, so that we can successfully enter the trade. Have a nice day and happy trading, Alex_UCT
Long
by UltimateCryptoTrader
2
GBPNZD: Important Decision Ahead! Your Plan: 🇬🇧🇳🇿 Hey traders, Very peculiar situation on GBPNZD. The market is approaching strong daily resistance at the moment. To catch a bearish move from that, watch a bearish flag pattern on a daily time frame. Your trigger to short will be a bearish breakout of its support (candle close below). Then the price will most likely drop at least to 1.94 level. Alternatively, on intraday time frames the pair is forming an ascending triangle formation. To catch a bullish move, wait for its resistance breakout. Then a bullish continuation to 1.995 will be expected. Wait for the reaction of the market first and only then act. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
10
YFII is fighting on very important S/R level! YFII is located in a very important Support / Resistance zone as we see in chart H4. If we switch to a lower time frame of M15, we see that the price is also at today's Pivot Point. If this value is broken, we can trade in the Short direction, on the contrary, if this level acts as a support and is confirmed, we can open a Long trade. Direct entry into the trade must be in accordance with the rules of our private Price action strategy, which includes additional confluence. Have a nice day and Happy trading, Alex_UCT
Y
by UltimateCryptoTrader
GBPCAD: Potential Reversal Zone & Your Trading Plan 🇬🇧🇨🇦 Hey traders, GBPCAD is trading in a long-term bearish trend. After the price set a new low around 1.665 level, the market retraced. At the moment the pair is approaching 1.708 - 1.714 daily supply cluster. To catch a bearish move from that pay close attention to an expanding wedge pattern on 1H time frame. Its support breakout will be your confirmation to sell. Then the price will drop at least to 1.69 In case of a bullish breakout of the blue zone, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
7
SHORTING GBP/USD - POST TRADE ANAYLSISGood morning, Yesterday I entered a sell on GBPUSD and I'd like to share my thought process before I entered this trade. On the higher timeframe we can see the Pound has been melting these past few weeks as a result of the FED starting their tapering process, concerns over the new Omicron variant, the BOE not looking to change their monetary policy after previously saying they are looking to hike interest rates before 2022 (this is all very bearish for the pound and has been the driving force behind this bearish price action) On the lower timeframes we can see price is rejecting the yellow supply zone which so happens to line up with 1.32750 (quarter level theory). Every time price comes up to this level, we see a lot of selling pressure come into the market. As price came up for the second time to this zone to form a double top, I scaled in and placed a sell limit @ 1.32662 just below the previous high with my SL @ 1.32866 just above the supply zone / psychological level with an extra 10 pips for breathing room - I was very confident price was not going past this zone, with my reasons stated above. If I wasn't too confident, I would've waited for price to show me selling pressure with a bearish engulfing, wick rejection, or any other type of bearish candlestick formations. This trade offered me a 3.2:1 RRR and played out very nicely. I was in this trade for just over 13 hours, with my TP getting hit during the early Asian session. Unfortunately I forgot to publish the trade idea for the benefit of you guys but I'll make sure to do this with every trade going forward. Hope you like the read, let me know your thoughts / opinions on the pair. Cheers,
Short
by TomBray1
1
Price Action Analysis for CPRXHello Traders! CPRX was making a pull back and would expect a nice bounce at the strong support level after a strong bullish reversal candle. What I did to this analysis: 1. I Draw Major Support/Resistance in Weekly Time frame 2. Find trend - Higher High, Higher Low 3. Find a pullback in price 4. Wait for the Strong Reversal Candle at Support Level In trading you need to have rules and be strict to it before entering any trades. Hope you enjoy my analysis and hope you smash the like button
NASDAQ:CPRXLong
by The_Power_of_Price_Action
LONG - SENTINEL ONE (S) - 1DDECISION PROCESS Trend is progressive (exponential selling strength to target price level) Strong selling exhaust (price is moving strongly with volumes) Buying pressure (First buying signal appear on support levels) Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle) TIPS - If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of. - On r/r=1 breakeven of the position need to be think of. - When you trade stocks, always look at engulfing market (here NQ1!, ES1!). Take care of important economic news this week.
NYSE:SLong
by Kentg