# Price is currently trading in a down channel # Channel resistance was met as well as the resistance level and pivot at 1286.50 # The previous candle printed a doji that pinned the 21MA (sell signal) # Targeting support at 1270 Entered short @ market price 1283.05 # SL @ 1290.14 # TP @ 1270 provisionally To learn how to trade pure price action, please feel...
1. Price is trending up 2. 21 MA pinned 3. Support of 1.13 pinned by hammer Buying @ market price 1.13088 SL @ 1.12890 below the pin bar TP @ 1.14123 at resistance As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Price has bounced off the major support level and moved up a but, then broke the previous high now being tested as support. I am buying at market price 0.67721 and have my stop below the marked level SL a@ 0.67500 below the minor support and TP higher up around the previous high at 0.68290 **Check on the Daily time frame to see higher lows formed - this is a...
Price is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal. Conservative traders will wait for confirmation (bearish candle) Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so I am in short @ market price 111.952 and SL above the high @ 112.227...
Price has been in a down trend as indicated by the lower highs and the descending trend line... After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man) I am shorting at market price 145.396 and SL above highs @ 145.766 and TP lower around support @...
Confluence of a few factors: 1. Downward trend line serving as resistance 2. Bearish engulfing candle pattern (sell signal) 3. Pinning 21 SMA 4. All happening at 14.13959 short term resistance I am selling at market price with #Sl just above the bearish engulfing @ 14.18403 and #Tp lower down at previous demand zone around 13.85317 As usual don't bet the...
The trend is currently bullish so I am looking for buying opportunities Using the 21 MA I spotted a bullish engulfing candle pattern just completed Buying @ market price 1.00008 with Sl below the candle pattern @ 0.99737 and Tp higher up around resistance @ 1.00568 Always exercise good risk management For trade management details please join Forex Bootcamp...
Looking to short once the yellow bar has been reached. I will be waiting for a sell signal to form around this area before making any decision. For real time updates, exact entries and trade management details please join Forex Bootcamp using the Telegram link below.
The yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance...
The resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to...
Lower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is...
When checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to...
We saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above...
Price has printed a buy signal on the trend line (doji) Note the ascending triangle pattern, so this setup offers a great risk to reward ratio! Entering at market price 0.68417 with SL below the low at 0.68154 and TP as per the triangle pattern target IF it breaks higher at 0.70768 Don't bet the farm, always exercise good risk management! Follow me in Telegram...
I am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting...
Check out the ascending triangle pattern and more interestingly the bullish inside bar pattern. IF the current candle closes bullish above the inside bar pattern it is a price action buy signal. Follow me in telegram messenger using the link below for live updates.
Double top / M formation completed. Price also re tested the minor resistance marked (pinning the level is a big price action clue) Entered @ market price 1.00608 and TP lower down at next support 0.99907 and SL above the high @ 1.00890 Don't bet the farm and always exercise healthy risk management :)
Will the double top pattern prevail? I have marked key levels where I will be using price action to look for clues. Follow me on Telegram messenger using the link below for more details when the trade goes live