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Priceactiontrading

AUDUSD >>> ??OANDA:AUDUSD The trend is still toward up and it's not changed yet , so our plan is to move with trend as long as it's strong . bullish power is recently decreased and it seems like it's moving in a side trend now ... But I need to mention that in long term it has recently touched a resistance level ! Anyway in short term and even long term I expect price to go higher . but for trade we need to wait and take confirmations for entry . I'd like to explain more about it , but really everything is clear in the chart , if u have any questions about it , mention it in comments please . good luck guys !
Long
by mahdirhimi
ATA/USDT Price action analysis: Formed triangle and my target.We now observe a new resistance that forms a triangle. However, we will be interested in the resistance wall of this triangle. As soon as we break it down & confirm it in support, I will expect a bullish move. I will want to see a thorough confirmation so that there is not only a wick left, as in the previous case. Each subsequent Fibonacci level indicates resistance. In order for any bullish movement to continue, it will be necessary to break through & confirm the upcoming Fibonacci level in support so that further resistance can continue. My first targer should be zone in green box where is confluence 0.5 Fibo level + Peak of Volume profile, this zone is the real magnet. We are monitoring this situation and more inform will be shared in our group. Happy trading, Alex_UCT
Long
by UltimateCryptoTrader
1
GBPAUD, Daily tf, wave-5 to the upsideHello my friends, It's been long since my last post. I was waiting for a really good setup to come to me and finally have one. GBPAUD currently at trend line and MA-200 support right now. Using Elliott wave principles, we might be seeing this pair reverse to the upside as long as it hold above 1.8250. In my opinion we're at the rnd of wave-4 and will start wave-5 to the upside soon. Buy GBPAUD 1.8400 Stop loss 1.8250 Take profit 1.9370 (6.4R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2
WEEKLY MARKET ANALYSIS : AUDIO TOKENAudio is currently trading at $2.001 which is a support region that the price has been trading past 10 Days and yet to break it. A Symmetric Triangle is formed on the Daily Chart which shows that the price can either move upward or downward. However, if price closes below 2.001 today breaking the support level we might need to take a bearish position because we might see a continuous fall in price and this can fall to $1.487 which is the next support level. In the event of Price rallying up from the current price level at $2.001. We might need to see price close at $2.251 above the last 3 candlesticks on the Daily Chart before we take a Bullish Position. If price rallies and close above the $2.2 we might see a bullish momentum that can take the price to the next resistance level. In the game of trading patients is essential. Waiting to see your plans and strategy play out before taking trades are key to consistent profit taking in the market. What are your thoughts? Share with me in the comments section
by ApostleOfFinance
1INCH / TETHER analysis: We are testing broken triangle.On the 1INCH / TETHER chart on the daily timeframe we see the formed triangle, which is already broken up and now tested. The price is fighting on Pivot point support S1 and level 0.618 of Fibonacci retracement. Plus edge of triangle. The main areas of support and resistance are also marked. The red line shows us the Point Of Control, this is a fair price area. Always works as a magnet. When we switch to a lower time frame, the situation is clearer. Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy now. I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade. Please leave a comment or like. Happy trading, Alex_UCT
Long
by UltimateCryptoTrader