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GBP/CHF Long, CHF/JPY Short and GBP/USD ShortGBP/CHF Short • If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CHF/JPY Short • If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day. In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short. I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
What the 4,300 Mean for the S&P 500The recent price action on the S&P 500 has been very interesting. While the long run outlook for this index is up, the recent price action tells a different story. The S&P 500 experienced an excellent bull run from April 2020 to December 2021. The year 2022 was shaky with huge whipsaws at just about every other month. 2023 looks like we might be getting some stability as the S&P 500 resumes its uptrend. That is, until it entered the range previously formed around the December 2021 high. Things took an interesting turn as this week ended with a huge selloff. This is an indication that the 4,320 to 4,360 range (see the rectangle) is holding and acting as resistance in the formation of a lower high. If this level holds up, then it's very likely we begin to see a downtrend for the next little while. Which, by the way, will be supported by a moving average cross-over as confirmation. Given the fundamentals that we're seeing, this is a real possibility. Consumer income growth falling short of inflation. Corporate layoffs driven by the technology sector show no signs of stopping. Hiring freezes are beginning to take place. Finally, more and more people are dipping into savings and credit to either meet bills or maintain the lifestyles they can't afford.
OANDA:SPX500USD
by FinancialGamblR
Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room. I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts. Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
CHF/JPY Short, EUR/NZD Short, AUD/NZD Short and GBP/USD ShortCHF/JPY Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/NZD Short • If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades. I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
16
Confluence of Technical Indicators Pointing to a Potential TrendThe XRP 4H chart displays a series of technical indicators that, when combined, provide insights into the current market sentiment and potential future price movements. With a focus on Bollinger Bands, Volume Oscillator, Stochastic, MACD, RSI, and Fibonacci retracement levels, we will decode the price action and provide a comprehensive view of the most probable scenario. Technical Indicators Analysis: Bollinger Bands: The price is currently trading near the middle band, suggesting a neutral stance. However, the slight contraction of the bands indicates reduced volatility and a potential breakout soon. Volume Oscillator: A negative value of -15.02% indicates selling pressure, suggesting that bearish momentum might still be present. Stochastic: Both %K and %D are under the 50 mark but are converging, which can be a sign of potential bullish divergence in the near term. MACD: The MACD line and the Signal line are close together with a minimal histogram, indicating a lack of strong momentum in either direction. RSI: Hovering around the 49.21 mark, it's in a neutral zone, not giving a clear bullish or bearish signal. Fibonacci Retracement Levels: The chart shows various retracement levels. Currently, the price is hovering around the 0.5 retracement level. This level, along with the others you provided, will act as potential support and resistance zones. Most Probable Scenario: Given the confluence of indicators, there's a potential for a short-term bullish reversal, especially if the price can maintain above the 0.5 Fibonacci level and if the Stochastic continues its bullish divergence. However, the selling pressure from the volume oscillator suggests that any bullish move might face resistance. Therefore, traders should watch the key price levels mentioned for potential breakouts or rejections. Overall Sentiment: Neutral to slightly bullish. While some indicators hint at a potential bullish reversal, the overall sentiment remains mixed. It's essential to wait for more confirmations before taking a definitive position.
by MonoCoinSignal
5
STORJ 1H Analysis with Influences from 1D Fibonacci LevelsIn the STORJ 1-hour chart, a clear bearish trend is evident. While the provided technical indicators from the 1H chart mainly signal bearish momentum, the 1D Fibonacci levels could play a pivotal role in potential bounce-backs or resistance areas. Analysis: Fibonacci Levels (from 1D): The current price of STORJ in the 1H chart is approaching the 0.5 level at 0.3669. This could act as a significant support, and if the price respects this level, we could expect some buying pressure here. Should the price continue its downward momentum, the next major support would be at the 0.618 level (0.3253). On the upside, the 0.382 level at 0.4084 might act as resistance if the price were to rebound. Stochastic Oscillator: Given its oversold position, this suggests a potential pullback or temporary reversal might be imminent, which aligns well with the approaching Fibonacci support at 0.3669. Bollinger Bands and MACD: Both indicators continue to indicate bearishness in the short term. Most Probable Scenario: The STORJ price is likely to continue its bearish trend in the short term. However, the 1D Fibonacci level at 0.3669 could act as a strong support. If the price respects this level, we might see a bounce-back or consolidation around it. If it breaks through, the next target would be the 0.618 level at 0.3253. Conversely, if a rebound happens, the 0.382 level at 0.4084 will act as a key resistance. Conclusion: While the STORJ 1H chart indicates a bearish momentum, the 1D Fibonacci levels can provide key areas of interest for potential reversals or consolidation. It's essential for traders to monitor these levels closely for any signs of price reversal or continued momentum.
by MonoCoinSignal