DavidVillagra

DavidVillagra

A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough. In saying that, trading ranges can sometimes be easier to navigate the price action as the...

DavidVillagra

Taking a look at the recent price action on USDJPY, we can see how the use of patterns and structure can be used to increase the probability for any potential trade setup. As you can see from the 15 Minute chart, USDJPY was on the rise until it ran out of steam and started to trade into an ascending channel. This ascending channel completed a bearish (selling) 3...

DavidVillagra

Taking a look at the price action on Gold, we saw a high probability trade setup for a potential buying opportunity. We saw many factors all lining up together which always helps increase the probability for you as a trader to get a good idea what direction price could go next. As you can see from the 30 Minute chart, we saw Gold in a descending channel until...

DavidVillagra

Sticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level. AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more...

DavidVillagra

In our previous post we spotted a higher probability selling opportunity on AUDJPY. Since then we have seen in the price action a potential intra-day buying opportunity with a similar convergence of factors. As you can see from the 15 Minute chart, price came all the way down from the 75.00 level and reached the 74.00 level. In general AUDJPY loves the big figure...

DavidVillagra

Overnight we saw good structure in the price action on AUDJPY for a potential selling opportunity. As you can see from the chart, price rose higher to the recent level of resistance creating a triple top formation. What we liked about this set up was that we also had another bearish signal form within this triple top which was a bearish 3 drive pattern. As...