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Priceactiontrading

Best Trading Confirmation. Learn 95% Accurate Entry Signal I have analyzed 1300 forecasts and signals that I shared on TradingView last year and found 95% accurate trading confirmation. In this article, we will discuss multiple types of confirmations and their winning rate on Forex, Gold, Indexes, Crypto & Commodities. First, let me introduce you to the types of analysis that I provided. 1 - Structure based forecast I have shared more than 55 trading setup with key levels analysis: Where the price is approaching a key daily horizontal support and resistance. Here is the example of such a post. Test of a key horizontal or vertical support/resistance turned out to be a poor trading signal. Total accuracy of structure based forecasts is 38% . Please, note that if we consider the market trend in our calculations, the trend-following structure based setup will be 42% accurate, while a performance of a counter trend setup drops to 35% 2 - Structure breakout based forecast I analyzed and posted 73 posts with a key structure breakout as a confirmation on a daily. Above is the example of a such a forecast. Key levels breakout turned out to be a strong bullish or bearish confirmation with 59% accuracy. Trend direction did not affect the efficiency of a key structure breakout that much, with a 60% accuracy of a trend following setup versus 57% of counter trend. 3 - Structure based forecast with a single intraday confirmation I shared more than 500 setups with a test of a key structure on a daily and a single price action based bullish or bearish confirmation on a 4h/1h time frame. My intraday confirmation is a formation of a price action pattern with a consequent breakout of its neckline/trend line in the projected direction. Please, check the example of such a signal. Just a single intraday confirmation dramatically increases the accuracy of a structure based setup. Average winning rate is 66%. 4 - Structure based forecast with multiple intraday confirmations I spotted and posted 200+ forecasts with a test of a key structure on a daily and multiple price action based bullish or bearish confirmations on a 4h/1h time frame. Multiple confirmations imply the formation of multiple price action patterns on 4/1h t.f. Here is the example of such a setup on EURGBP. Two or more confirmations on a key structure increase the average winning rate to 72%. Among multiple confirmations, I found a 95% accurate bearish signal: The market should be in a bearish trend. The price should test a key daily structure resistance. The market should form a rising wedge pattern on a 4h/1h time frames and the highs of the wedge should strictly test the key structure and should not violate them. After a test of structure, the price should form a bearish price action pattern on the highs of the wedge. Above is a setup with the best trading confirmation. A bearish breakout of the neckline of the pattern and a support of the wedge was a 95% accurate trading signal this year. Of course, there are various confirmations, depending on a trading style. The ones that I shared with you are structure/price action based. And I am truly impressed by their accuracy. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
EURUSD Bear Flag PatternHi Traders! There is a bear flag pattern on the EURUSD 4H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside. Preferred Direction: Sell Resistance: 1.09160 Support: 1.08566 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Learn Ascending, Decending and Symmetrical Triangles | Powerful Hey traders, In this post, we will discuss 3 simple and profitable types of a triangle pattern. 1️⃣ The 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. Multiple lower highs compose a horizontal support that is called a neckline. 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. Take a look at a descending triangle formation that I spotted on Crude Oil on a 4H time frame. Bearish movement was confirmed after a breakout of the neckline of the pattern. 2️⃣ The 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. Above is a great example of a symmetrical triangle. Bullish breakout of its upper boundary - a falling trend line was a strong bullish confirmation. 3️⃣ The 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. A sequence of equal highs compose a strong horizontal resistance that is called a neckline. 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 an ascending 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. Ascending triangle formation helped me to accurately predict a bullish reversal on USDJPY. Its neckline breakout was a strong bullish confirmation. 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?
OANDA:XAUUSDEducation
by VasilyTrader
6
AUDCHF: Waiting For The Next Move 🇦🇺🇨🇭 AUDCHF is trading within a narrow horizontal range, after a formation of a strong bearish impulse. I believe that selling volumes are currently accumulating. Our trigger to short will be a bearish breakout of the support of the range. 4H candle close below 0.5675 will confirm the violation. A bearish continuation will be anticipated at least to 0.5645 Alternatively, remember, that a bullish breakout of the range will most likely push the prices higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
NZDJPY: Top-Down Analysis & Trading Plan 🇳🇿🇯🇵 NZDJPY broke and closed above a key daily structure resistance yesterday. The broken structure turned into support. After a violation, the pair became overbought and we see a correctional movement at the moment. The price is steadily falling within a bullish flag pattern. Your bullish confirmation will be a breakout of the flag's resistance. Let the candle close above that, that will indicate the strength of the buyers. A bullish continuation will be anticipated at least to 90.9 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPJPY: Top-Down Analysis & Nice Short 🇬🇧🇯🇵 GBPJPY is trading within a wide horizontal range on a daily. The price is currently testing its resistance. On an hourly time frame, we can see how the pair was weakening after it started to approach the underlined blue area. After a strong bullish impulse, the price formed a rising channel. Test of structure triggered a strong bearish reaction and the price violated the support of the channel. For me, it is a strong bearish confirmation. I expect a bearish movement to 182.5 level now. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
Alert: Bitcoin Bulls Nearing Breakdown,Is the 2023 Bull Run Ova?Alert! Bitcoin Bulls Nearing a Critical Breakdown - Could This Spell the End of the 2023 Bull Run? In my recent Bitcoin analysis, I explored the possibility of going long on BTC to the range of to 42k-- 46k range while maintaining a cautious bearish perspective. Despite the bulls successfully pushing the price to the specified range hitting 38k exactly but can they still attain 42k?, it's crucial to recognize the enduring control the bears wield over the broader monthly chart. The lack of a definitive signal indicating a break in the bearish trend raises valid concerns. Even though the bulls executed an impressive recovery bounce to 38k, forming a distinct bullish trend channel, the current analysis highlights a significant threat as the bears make their move. In the last few hours, the bears forcefully ousted the bulls from the established channel since the breakout from the 28k range. While the bulls swiftly retaliated to 37k, signs of vulnerability emerged as they faced rejection and slipped below the lower trend channel that had been a reliable support but this support was pierced but recovered back instantly ads bulls did their best but the worries comes if the bulls keeps sitting on this lower trendline without pushing up it only makes it weaker and liable to breakdown soon The immediate challenge facing the bulls is the need to regain entry into the channel and move up from it, with the lower trendline serving as their stronghold. Failing to stage a recovery this week within the channel could mark the end of the bulls' run in 2023, potentially sending them back to the initial stages of the channel at 30,400 down to the 29k range, where their journey began. The only hope for the bulls to avert this impending threat lies in reclaiming and conclusively closing today's candle within the trend channel, or ideally above 37k if they aspire to reach 42k. Falling short of meeting this criterion could lead to a catastrophic breakdown, with the potential target set at 30,400. The pressing question remains: Can the bulls regain control of the ship, or will they succumb to the lurking bears, orchestrating a counteroffensive to rewind the bulls to the inception of their journey? The market eagerly awaits the resolution of this critical scenario. the big question is can the bulls overcome this threat and still make it to 42 before a heavy beakdown occurs on Bitcoin? stay tuned as we will continue to update you. dont forget to like if you enjoyed this analysis.
BINANCE:BTCUSD.P
by MachiavelliTrader
2
GBPUSD Head & Shoulders OpportunityHi Traders! There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart. Here are the details: The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline. The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal. Preferred Direction: Sell Entry Level:1.27504 Stop Level:1.27806 Target Level: 1.26900 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
AUDUSD Near Its 6-Month HighHi Traders! AUDUSD is having a strong finish to end the year and is targeting the 6-month high at 0.68948. Here are the details: After the double top at 0.68948 six months ago, AUDUSD was in a bear market for two months and then went into a range zone for three months. Last month, the market finally broke the 0.65175 range zone resistance and has been in a bull market ever since. We have a bullish view on this pair also in our long-term idea, as on the 1W chart, there has been a triangle breakout above the resistance trendline. The strategy here is to buy the market dips to target the six-month high at 0.68948. Preferred Direction: Buy Target Level: 0.68948 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Bearish Outlook on EURUSD ContinuesHi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are now looking for a break and a close below the 20 EMA for a confirmation signal. Preferred Direction: Sell Entry Level: 1.09612 Stop Level: 1.09986 Target Level: 1.08860 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
USDJPY: Your Trading Plan For Next Week Explained 🇺🇸🇯🇵 USDJPY is closed on a key horizontal daily support. The price formed an ascending triangle formation on that on a 4H. 142.47 is the neckline of the pattern. IF the price breaks and closes above that on a 4H, it will signify the strength of the buyers and highly probable bullish continuation. A bullish movement will be anticipated to 144.0 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
AUDUSD Yearly Trendline BrokenHi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone. Preferred Direction: Buy Entry Level: 0.66532 Stop Level: 0.65089 Target Level: 0.69418 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
USDJPY Trendline Break Re-TestHi Traders! USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks. Here are the details: The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low. Preferred Direction: Sell Entry Level: 146.750 Stop Level: 148.598 Target Level: 142.862 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2