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How to identify valid, high probability price action structuresHello everyone: In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market. I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves. Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be. The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry. Thank you Feel free to ask me questions and comments.
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BITSTAMP:ETHUSDEducation
by jojofang0901
30
AUDJPY (3d) - What a monster! I've often seen head and shoulders patterns that take on strange shapes. It is not common to find a very neat head and shoulder pattern. Well this one caught my eye. It's a weird one. On the left is three humps combining into the tradtional shoulder. On the right is some kind of shoulder that doesn't appear well formed on 3D time frame, though more clearly visible on 1D time frame. Head and shoulders are not predictive and require a lot of skill to play out. There are often times heavy losses, and a retest of the base is not uncommon. I don't suggest that 3D time frame is traded. It's sometimes good to get a steer from a higher time frame. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
by Captain_Walker
GBPJPY Structure Completion, Look for Sell NowHello everyone: Seeing GBPJPY for sell opportunities as it has completed its higher time frame channel structure. The price has been moving up in this channel since the bearish drop from early June. What I like about the price is that it is correcting itself up to the top. The latest price action is not break above the channel structure, and price has been slowing down. Once I see price has formed that reversal structure from the top, and broken out of it, then I have the positive confluences now to look for sell entries down. Any lower time frame corrections within the channel or broke out of it would be ideal to add in the sell. Thank you
Short
by jojofang0901
4
DXY Can we get this dollar strength breakout?Hi traders: As you know I do have a long bias on USD. I see DXY could potentially have a bullish breakout, and in come the USD strength for up coming weeks. I do want to see if price will break out of this descending channel structure, follow by a continuation structure to push the price up. If we do see this move, then it gives other USD pairs extra confluence for a short term buy opportunities on them as well. Thank you
TVC:DXYLong
by jojofang0901
4
CADJPY Look for continuation after breakout Hello traders: We see CADJPY had a strong bearish move from the top of the structure. Now the price action is approaching the bottom of the channel structure, and forming a correction. I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure. Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum Thank you
Short
by jojofang0901
1
USDCAD Expecting this short term bull move up Hello everyone: As my bias on USD strength, so do I see opportunity here on USDCAD. We see similar price action in the past, and I do expect a short term buy potential on the intraday chart. The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure. I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries. Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top. Thank you
Long
by jojofang0901
NZDUSD look for this breakout confirmationHello traders: As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities. Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively. Last bit of price action see a recent double tops, then a bearish move on the lower time frame. I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short. Thank you
Short
by jojofang0901
2