- Price rallied from 0.75 giving a strong bullish trend - Price is now stalling at 0.76 - Pinbar Yesterday Pinbar / Doji today showing that bulls are running out of steam - Entry at the Low - Stops at the High
- Previous structure high big turning point after brexit - Market printing a clear range between brexit high and low @0.83289 - Bullish rally from 0.83 - Price stalling on all timeframes especially the daily printing indecision / strong wick rejection at this level which we'll be using for our entry signal - Entry at the low - Stops above the most recent high
- Simple setup and Entry - Market printing clear LH and LL's - Market stalled at 76. retraced back to 78. Making a new LL and LH - We have a short term preceding trend to the upside - We are going to use this preceding trend as a short term reversal for a long term trend - As some like to call it a correction in a downtrend - Entry at the low of the indecision...
- 4H Entry but a daily setup - NZD has been moving in a strong bullish trend since 25/07 - Price stalled at 0.724 level pulled back to previous structure support at 0.712 - As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate - Clear indecision forming on a area of structure support -...
- Clear preceding trend to the upside - Bounced from 0.96620 a area of support - Strong market roll over from 0.99474 Area - Rules engagement indecision / Doji forming on a area of support or resistance in this case resistance - Strong wick / price rejection also known as ''LWP'' Long wick pattern - Entry around 0.97 once the low is broken looking to continue...
Nice and simple first trade setup that i'll be posting on tradingview hope to continue and grow a healthy following, for each chart i'll be breaking down the steps and processes in which i took to conclude which ever idea i'm showing in bullet points allows the reader to understand it alot easier - Simple strategy breakdown and history i'm a Price Action Trader...