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Parallel Channel

Safe Haven Currency, How are they affected by global eventsHello everyone: Want to talk a bit more about safe haven currency in the market. Since the recent tension between Russia and Ukraine, the safe haven currency could strengthen as a result of such uncertainty in the world. We will take a look at some past history of these currency pairs, how they react to the market at the time, and what could we reasonably expect in the current market conditions. Safe Haven Currency USD JPY CHF It's in our interest to look for opportunities when a strong currency is paired with a weaker one. This generally will move the price very impulsively with strong momentum. Pair such as these below will potentially develop the best price action for good R:R trades. AUDUSD NZDUSD USDCAD GBPUSD AUDJPY NZDJPY CADJPY GBPJPY AUDCHF NZDCHF GBPCHF CADCHF Always have good risk management when it comes to entering. Don't enter all the pairs, don't open too many positions, and understand correlation between the currency pairs. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information. Jojo
Education
by jojofang0901
31
All too familiar crossroad/trade-offLet's be honest: who doesn't want a magical computer program that runs on your computer and tells you the future price of your favourite ticker, be it EURUSD, GBPJPY, BTCUSD, XAUUSD. More so a automated trading strategy that runs in the background 24-7 and will trade away. Let's also be realistic : if someone has the code that can do this, they most likely won't share it, at least not for free. Somehow, in the past few months, I had this thought that I could just, you know, use Google to find such kind of code. Surprisingly though, I learned a lot during this doomed-to-fail process. Not that I am currently making easy money in the market. Rather, now I understand why some common tutorials you'd find online may appear to work but will NOT work and what it might actually take to build a balanced profitable trading system. When we talk about the secret behind becoming consistently profitable, there's actually no secret. A technical indicator may pop up in your mind that they may have secrets that make them consistently profitable. But no, the professionals are just like you, we are all human subject to the same stimulus in the market, fear and greediness. /// The sole reason or one of the main reasons that I have taken it upon myself to start writing and posting ideas is to share my most up-to-date understanding with those of you who are also interested in computer assisted trading and to also lay out the many other inter-linked subjects trading related in the hope that someone can benefit from these ideas in some way/shape or form.💡 I myself personally have reached a crossroad/trade-off where I am not able to automate a strategy as I have no coding skills but that didn't stop me from compiling and using indicators, making them talk to each other, creating chart templates that fit a certain style/way of trading whether it be trend following/reversion you name it and in general having more of a methodical rules based approach to entries/exits. /// After all these hustles, I decided to take a step back and revisit an initial assumption: there is some underlying correlation between future prices and past prices that can be learned by a machine. The school of technical traders would probably agree with this and it is likely for short amount of time, the price action is indeed momentum driven. Nevertheless, once the news on companies or macro economy kicks in, things can go very wild. Unfortunately, price dataset's do not directly contain such information per se, but the future price will certainly depend on when certain news becoming known. Many often get blinded by the short-term, just one day the market rises/drops 1%, the whole crowds become fearful. Bad news and good news are always in the market, when people are fearful, they will look to the bad news, while the opposite for the hopeful times, they will look to the good news. So here is the trade-off. It is more likely that you can use machine learning to capture the momentum of price actions on a short time scale. But you need to have high accuracy and make trades frequently to make meaningful money. Alternatively, if you build a model that accounts for news mentions and provide an okay prediction, say a few days into the future, you can also be rich pretty soon. Both are hard problems to solve. As you might have expected from the very beginning, making money is hard . OANDA:EURUSD 👍
Education
by AdamsLibrary
Price Channel If the pair moving within the price channel breaks the channel, the next target will be the channel width. Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri ​​dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
NYSE:MRKEducation
by cryptofreezone360
Chart Patterns | Triangles & ChannelsChart Patterns | Triangles & Channels 1- Ascending Triangle :- An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. 2- Descending Triangle :- In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break. 3- Symmetrical Triangle :- A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. 4- Parallel Channel :- A Parallel Channel is a chart pattern formed when the price is bounded by parallel support and resistance levels. 5- Ascending Channel :- An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels. 6- Descending Channel :- A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITSTAMP:BTCUSDEducation
by Faibik
4
Treat trading like a business or you might not succeedHello everyone: Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry. 1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading. -Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year. 2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses -This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result. Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $ 3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed. -Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable. 4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some. -Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year. In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top. 5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals. -Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion. Acknowledge your mistakes, drop your ego, work on overcoming your mistakes. 6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP -90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well. Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed. IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably. Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life. Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
OANDA:XAUUSDEducation
by jojofang0901
304
When/How to move SL to BE and to profit in a running trade ?Hello everyone: Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position. In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits. In this example of EURUSD, I managed to get 2 entries in, and manage it to my best ability and secure profits Trade close down for +7.9% profit Original Trade Forecast and Analysis: This is a topic that will have various answers across traders, as this is certainly up to each individual trader’s strategy, style, and management approach. So understand there is no right or wrong, “holy grail” kind of decision. It's up to you individually as a trader. I will share my management, and why I choose to go with these types of approaches, and you can certainly use them to your advantage to tweak/modify them to fit your strategy. Few things to keep in minds are: 1. Moving the SL to BE or/and in profit is a way to protect your entry, as well as secure profit. 2. Sometimes moving the SL too early may “choke” the price, and you can get stopped out for BE or small profit. Then watch the price take off in your desired direction, which can create negative emotion. 3. Whereas sometimes if you don't move SL to BE or in profit, you can watch a trade that hits 3:1 RR or more, end up reversing down, passing your entry point and to your actual SL of -1%, which can also create negative emotion. 4. No perfect scenario or management when it comes to the aspect of trading, as every trade is unique, and different outcomes may happen, since the market itself is not perfect, and can do whatever it wants to do. Now, I will explain my own management when it comes to moving SL to BE or/and in profit. Certainly this is NOT the only way, nor it will be the best way, but over the years of backtesting & chartwork have given me reassurance on these types of management ways. I will then show some real live examples on the trades that I closed down, and how I manage them as well. CADJPY - Original Trade Forecast and Analysis: GBPJPY - Original Trade Forecast and Analysis: CHFJPY - Original Trade Forecast and Analysis: NASDAQ - AUDNZD - Original Trade Forecast and Analysis: First, a general rule of thumb for me. IF the price has hit about 1:1 RR or so, and has broken past the previous recent lows, I will move my SL to BE. There is no exception in this rule. Again, I explained earlier that sometimes this will help you to protect your entry when price reverses, and sometimes it will choke the price. In this case, I would rather take a BE first, and re-look for entry again in the same position, as long as the bias and the price action is still valid on both the higher time frame and lower time frame. Second, once the entry is in some profit, say 2:1 or higher, I generally will move the SL up to about +0.5% profit or so. Just want to secure a little profit while not choking the price entirely. Third, once the entry is in 3:1 profit, then I will move my SL to +1% profit. This is where I generally will decide whether I should take full profit here, or hold the trade for a mid-long term if the higher time frame has given me the bias. Fourth, since the trade has already been in 3:1 profit or higher, generally we can expect a continuation correction to form now after the impulse phase. If it's a smaller correction and price isn't reversing up sharply right away, I will move my SL to about +1.5% profit, set my alert above the continuation correction and observe the development of the correction. This is generally a point where I can decide to hold the trade longer, or if it reverses up from the continuation correction, then exit the trade for profit. Fifth, if we start to see a possible reversal development, then I will move down my SL to the recent swing highs/lows, or just above the reversal correctional structure, and will let the trade tag me out for profit if it reverses. Any questions, comments or feedback welcome to let me know :) If you enjoy these contents, and the educational lessons are helpful, please press like, subscribe and follow for more. Jojo
Education
by jojofang0901
89
Bullish Shark Within Bullish ChannelFrom this chart, can be found that Bullish Shark Within Bullish Channel. This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney. Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather as confirmation to show that price will go up. To simplify, M pattern within Ascending Channel indicates that price will go up in continuation. Noted that Shark is Harmonic Pattern that use Reciprocal AB=CD. You may refer Link to Related Ideas for more information. Thank you.
MYX:FCPOU2022Education
by RozaniGhani-RG
How to use trendline to identify price action structure/patternHi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in. Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows. Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure. Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch. Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example. Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action. After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ? Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse. Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below. Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey. Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage. Any questions, comments or feedback welcome to let me know :) Thank you Below are all my price action structures/patterns videos on different type of corrections. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Impulse VS Correction Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
OANDA:XAUUSDEducation
by jojofang0901
61
Filter opportunities if multiple setups are presenting entries Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries. Hello everyone: Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs. It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs for example, it's a good practice to choose the best ones to enter rather than most of them. When the JPY gets strength or weakness, most of the JPY pairs will move together impulsively, so it's susaintable to filter out all the potential opportunities, and choose the best 1-2 pairs. Taking multiple positions on different pairs of the same currency may potentially put your trading account at a greater risk. Sure, on short term samples and examples, traders may find taking more positions can earn extra profits, but long term sustainability wise, it's not ideal to open up so many positions of the same currency. When traders simultaneously take multiple losses, especially due to correlations, this usually “tilts” the traders, and all sorts of trading psychology effects happen. They may go on to revenge trade, over trade and over leveraged to “win” back the losses they just took. Best to avoid such negative emotions. When I am filtering out potential opportunities, few key areas I will focus on when I choose between multiple pairs: Multi-Time Frame Analysis: Where is the price currently at, and is it in the beginning of the impulse phase on the HTF, or is it closer to the end ? Risk:Reward: 3:1 RR or higher. Can I comfortably enter with proper Risk:Reward ? or is the price already approaching a previous swing lows/highs ? Which pairs may yield the best reward potentially ? Price Action Development: Are we getting the confirmation price action structures/patterns on the lower time frames for entries ? Is there a better, more clear price development between the currency pairs ? Compare the currency pairs with each other, and identify the best 1-2 pairs that fit all the above criteria. Then simply look to set your stop entry orders when applicable. To wrap it up, understand you can always enter or scale in more positions, as the price continues to develop and in your bias favor. As long as our original positions’ SL are at BE or in profits. This way you will never lose money from the original account, while potentially maximizing your profits. Any questions, comments, or feedback welcome to let me know. Below I will list out some of the other educational videos that tie in closely to what we talk about today: Risk Management 101 Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management: How to Enter and set SL and TP for an impulse move in the market Multi-time frame analysis Identify a correction in price action analysis Continuation and Reversal Correction Thank you :)
Education
by jojofang0901
28
Price channels, where to look for the entry point. Channel ChartChannel - uptrend A channel in the market is two parallel lines of support and resistance, which are formed by the price. This is comparable to a rectangle, only its support and resistance levels are horizontal; The channel almost always slopes up or down. As with a rectangle, there must be at least two peaks forming a resistance line and there must be at least two troughs forming a support line. Uptrending channel sell signal Channel - Uptrend A level breakout occurs when price breaks out and breaks above the resistance line or below the support line. For an ascending channel, a sell signal is generated when the price breaks the ascending support line downward. DownTrending Channel Buy Signal Channel - Downtrend A level breakout occurs when price breaks out and breaks above the resistance line or below the support line. For a downtrend channel, a buy signal is generated when the price breaks up the upward resistance line. Internal Channel Buy and Sell Signals Channel - Uptrend Bulkowski (2005) suggests buying when price reaches support and selling when price reaches resistance in an upward channel; nevertheless, he suggests not to open a short position at the resistance level and buy to cover the support level in an upward channel, but to do so only in a downward channel; it also suggests exiting trades that close above resistance or below support, which contradicts the direction in which the trader expects prices to move in order for the trade to be profitable. Price benchmarks Price Channel Uptrending Chart Example The above EUR / USD chart shows an ascending channel with support.a trend line formed by three bottoms and a resistance trend line formed by three peaks. A sell signal is given when the price closes foruptrend support line. Price Channel Downtrending Chart Example An example of a descending channel is shown in the GBP / USD chart. The downtrend resistance line is defined by three peaks, and the downtrend support line is defined by three troughs. As soon as the price breaks above the downtrend resistance line, a new uptrend begins.
Education
by Lingrid
59
Detail Look into Parallel Channel In Price Action Analysis Hello everyone: Let's take another detailed look into some parallel channels structures/patterns in price action analysis. Recall my previous educational video on Ascending/descending channel correction, they are higher probability reversal price action structures/patterns. Today I want to go over the horizontal parallel channel structures/patterns as well where they are more neutral, more advanced to analyze and forecast the potential direction of the impulse phase following after. Let's take a look into some of these horizontal parallel channel corrections, and break them down more. In my opinion, the longer, deeper these types of parallel channels go, the stronger the next impulsive phase will be. Although they can be tricky depending on whether they are continuation or reversal correction. I will go over for examples in different markets to pinpoint some of these price action structures/patterns. Below are some of the important topics that I mentioned in the video. Reversal Ascending/Descending Channel Risk Management: 3 different entries on how to enter the impulsive phrase of price action Multi-time frame analysis Identify a correction in price action analysis Continuation and Reversal Correction Any questions, comments, or feedback welcome to let me know thx :) Jojo
OANDA:XAUUSDEducation
by jojofang0901
39
Raff Regression Channel (RRC) The Raff Regression Channel (RRC) The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression. Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using a Raff Regression Channel it is recommend/required that a Raff Regression Channel is applied to “mature” trends. Once The Raff Regression Channel is drawn, covering an existing trend, EXTENSION LINES are drawn to identify support, resistance, reversal points, mean reversion Effectively drawing and using a Raff Regression Channel The trend is up as long as prices rise within this channel. An uptrend may be reversing (not always, but likely) when price breaks below the channel extension . The trend is down as long as prices decline within the channel. Similarly, a downtrend may be reversing (not always, but likely) when price breaks above the channel extension . Moves outside the channel extensions can be indication of a reversal or can denote overbought or oversold conditions breakout example reversal example █  LINK to AUTOMATED INDICATOR VERSION of RAFF REGRESSION CHANNEL █  OTHER CHANNEL CONSEPTS Linear Regression Channels, Fibonacci Channels, Andrews’ Pitchfork,
FX_IDC:XAUUSDEducation
by dgtrd
52
How to identify a correction for the next impulse move ? How to identify if a correction is finished/completed and ready for the next impulse move ? Hello everyone: In this educational video I will go over how to properly identify a correction in price action analysis. I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and reversal corrections, but I still get a lot of questions on identifying corrections itself. How to draw, use the trendlines to identify a correction, and how to understand they are going to complete/finish. In my opinion this is the most important part in technical analysis. We need to understand that the market moves in phrases, it can only be in the impulsive phrase or corrective phrase. The key to trading is to understand when a correction finishes, we are going to get the impulsive phrase which will give us traders a better edge in the market to enter, where the momentum is strong. I have made many educational posts on price action analysis, specifically on continuation or reversal correction, which I will put the links below. Any questions, comments, or feedback welcome to let me know. Thank you Jojo Price Action Workshop www.tradingview.com Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis Continuation Bull/Bear Flag Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Expanding Structure/Pattern
BINANCE:BNBUSDEducation
by jojofang0901
62
Trend Reversal Confluences: Down to Up.BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
NYSE:BAEducation
by emehoke
2
Risk Management: Entry in the impulsive phrase of price action Hello everyone: Welcome back to another video on risk management. Today I want to discuss a few possible entries that we can do in the market when we spot the next impulsive phrase of the market condition. I will break down the 3 types of entries that I always look for when I am about to execute a trade. Sometimes we will see all 3 entries present themselves, and sometimes we might only see 1 or 2. So let's dig into these entries. All entries are based on the continuation or reversal structure on the LTF mostly. So I need to see a LTF correction forming and potentially completing before setting any of these entries. In addition, they have to be aligned with the HTF overall direction and bias. Multi-time frame analysis is key. All my entries are stop entry order, meaning the market needs to hit a certain price before getting triggered. Buy Stop or Sell Stop order. You may see variations of these entries in different strategies or styles, but here are my take on them and my way of using them in my trading. Let me give a few examples of each on different markets and pairs to show the potential move and possible entry criteria. Below are same other Risk Management you should know in trading. Risk Management 101 Risk Management: How to set a Take Profit (TP) for your trades Risk Management: How to Enter and set SL and TP for an impulse move in the market Risk Management: How to scale in the impulsive phrase of the market condition? Risk Management: Combine everything you learn to prevent blowing a trading account Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis
OANDA:XAGUSDEducation
by jojofang0901
24
Does news events affect price action analysis in trading ?Hello everyone: Today I want to discuss news events in trading. Often when a news event comes out in the market, we get some sort of volatility and we get a strong spike/impulse. However, does news events affect our ways of understanding price action analysis ? Let's take a look at a few examples of the recent FOMC volatility that happened in the forex, indices and commodity market. Most of the market had a sharp quick move to one direction, hinting a sign of weakness in USD/JPY..etc. However, all of them ended up with a reversal impulse, and recovered all the price from the volatility. So, what can we take away from this ? News certain creates volatility, but not the overall price action trending direction. We may get a temporary short term move, but eventually the market recovers it, and resumes its original direction. Often beginner/newcomer traders will try to “jump” onto the news momentum, but usually end too late, and they will take a BE or losses. We can not control the outcome of the news or whether the news will be positive or negative towards our trades, but what we can control is our entry, SL, TP, risk management, emotions and mindset. Any questions, comments or feedback welcome to let me know :) Thank you Jojo
Education
by jojofang0901
18
Reversal Impulse Price Action - Trend Change Confirmation Hello everyone: Welcome back to another price action structures/patterns video. Today let's take a look into the reversal Impulse price action from the market. I have back tested and seen these types of price action happen very often in any market, any time frame. Its signaling a very strong trend change and reversal momentum from the price. Let's take a look into what it looks like usually, and how to effectively take advantage of these types of price action in the market. Seeing them on the HTF, giving us strong bias for a reversal trend change coming. Seeing them on the LTF, signs of reversal from the LTF first, and leading towards the beginning of the HTF reversal move. Remember, Multi-time frame analysis is key. If we spot a potential HTF reversal impulse, then likely LTF price action is also showing reversal price action structures/patterns. We want to pair as many positive confluences as we can together to give us an edge entering the trades. As always, any questions, comments or feedback please let me know. Thank you Jojo
OANDA:US30USDEducation
by jojofang0901
39