Get started

Impulsecorrectioncontinuation

How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx
EUR/JPY Full AnalysisGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High . Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside. Daily : We have a formation of a new "W" pattern and we will be placing our entry at the neckline of this W formation and wait for the market to shift from a bearish market to a bullish market on lower timeframe to execute the trade . COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report. From an EUR perspective hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of buy limits on this pair and then support our idea of correction in the market. 8H: We are currently super bullish and we will be monitoring price action around the Entry area for the environment to shift from a bullish to a bearish environment so we can execute our entry for a good R:R trade setup. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea. Trade safe !!!
by TheDayzen
1
GOLD to the Moon 🚀🚀🚀Good Day Traders !!! We just rejected for the third time this strong level of support around 1855-1853. We expect gold to start his impulse to the upside since we can clearly see that on the Daily we clearly tested almost all the level of the fib retracement during the correction and we expect to see a continuation to the upside. Also from an institutional perspective I can see on the last report from the non commercial institutions a massive number of long position added as well as a big amount of short positions being closed which can mean a strong gold during this week. Now if you enjoyed this analysis smash that like button and share !! If you have a different opinion I would love to hear about it in the comment area. Trade safe !!
OANDA:XAUUSDLong
by TheDayzen
2
USDJPY - TWO opportunities - correction then longUSDJPY On the weekly timeframe market has rejected support and formed a new higher high breaking the bearish strucure, on the daily market has made a new HH forming this inverted head and shoulders and made a impulse to the the upside breaking the daily downtrend. After a impulse you can expect to see a correction, also on the daily TF we have this W formation in which we expect the market to complete this pattern at the neckline, we could look for a intraday short to catch the corrective move if all entry rules are met on a the lower timeframes, then look to capitalise on a big swing move to the upside to form a new higher high from a daily perspective. (All of rules have to be met first before we can take any position based on this analysis)
Long
by BullmarketFX
USDJPY intraday short.USDJPY has formed this nice W formation on the daily timeframe we expect a retracement and the pattern to complete at the neckline, also we have a nice bullish impulse on the daily after a impulse you expect to see a correction before the market making a continuation to the upside giving us more confluence for a nice short term SELL position, we will be waiting on the 1hr TF for market to form new bearish structure then we can be looking for one of our valid entries
Short
by BullmarketFX
EURCHF short swing setup.On the weekly timeframe market has rejected the upper boundary of an ascending channel with a bearish engulfing candle.On the daily market has broke below daily support with a strong bearish impulse which has been followed by a nice correction, now we are expecting to see a continuation to the downside and market to form a new lower low from a daily perspective. At the moment on the 4hr timeframe market is still bullish during the correction, we are waiting for new bearish structure to form and a break of this counter trendline, if all of our other rules are met we will be looking for one of our valid entries to short.
Short
by BullmarketFX
CADJPY 81.348 + 2.82 % SHORT IDEA * PRICE ACTION & CORRECTIONHEY EVERYONE At it once more here's one on the CANADIAN DOLLAR / YEN the pair just spiked with the bulls now showing signs of slowing down in momentum as the pair approaches resistance level 81.554, waiting to watch price on this one as I've set a trigger zone where i'll be watching price before looking for that correction to the down side it possible the pair may not hit this trigger zone but strategies are in place if this happens as always for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
1