Hey Traders! As we can see another price rejection in the supply zone which gives us an opportunity to take a trade here with a risk reward of 1:3. If you can manage your risk and trade you can execute a short trade here. Move your SL to entry price if price moves 20 pips in your favour. If you would like to know more about this trade please read my previous...
Morning Traders! I hope you all are enjoying your trading journey. Cable is showing some serious signs of weakness which we shouldn't ignore. I would say wait for the price to break below the support if you want to take a high probable short trade. What If price breaks above the supply zone ?? You will be thinking we should buy then but i would say no, we should...
Hi Traders! As we can see a price rejection and sign of weakness at 200MA and supply zone with decreasing volume we can take a short trade here. Have fun..
Hey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final...
Hey Traders! It's Sunday evening and we are heading towards the last week of the month. The first thing to find out before we trade a pair is the main direction of the pair. Most of the traders face losses when market structures are changing. As we can see a Triple Bottom Reversal Pattern here which is one of the major reversal patterns and can lead to a 3-6...
Hey Guys! I hope you all are enjoying weekend. I have a high probable trade on XAUUSD to share with you. When you see a risk reward of 1:5 there is no harm taking a small risk. Market may consolidate in the given range and then break, So be patient and enjoy trading. Have a lovely weekend.
Hey Guys! I hope you all are doing great and having fun with trading. I have a very nice setup on DXY daily chart to share here. As we can see on chart a very strong Bullish Engulfing candle which is an early indication of trend reversal. We are expecting an up move which could happen in possible two setups which i have shared on chart. Note: Always trade USD...
Hey guys! As we can see a Head & Shoulder pattern forming on daily chart of GBPJPY. This could be an indication of Trend reversal. We will look for a short position now. I have shared my trade on the chart you can follow it with proper risk management. Follow me to get high probable trades.
EURUSD: Follow the Trend because Trend is your friend. After the Breakout of 1.19000 Resistance Level price is staying above MA20 which shows bulls are in strength. In this market structure MA20 could become a dynamic support. My idea is to place a buy order when price approaches MA20 on H1 chart. Risk Reward : 1:2
Price Action Trader and Technical analyst.