Buy opportunity in the second entry strategyA good entry point in a buying opportunity in point 1.08328, after the break of a swing high with a reversal point
Price-action
Buying opportunity in a channel precede by a breakoutIn this analysis, we suggest carrying out a purchase transaction in point 101116.453, since the price is in a very specific channel, precede by a breakout of a crucial turning point in the graph.
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started.
Rounded Pattern:
Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range.
From the 3rd of April, we are seeing average volume trading.
Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks.
In the last update: I suggested to buy EURUSD:
USDCAD SHORT before Friday Closed Price ActionMajor trend in going down. I won't go against the trend.
Wait for retracement and SHORT and here come the retracement.
At this minor retracement, I'm waiting for buyer to fade out.
Now looks like buyer is exhausting.
Pending order placed. Let's see,
CADJPY 1H SHORTCAD is relatively weak today, and JPY is very strong, we are looking to SHORT this pair, however buyer are still in the market. In order to SHORT, we will let the buyer to finish his part first.
BTCUSD - Gains in the next few weeksA quick look at price areas where BTCUSD has been ranging over the last 9 months or so reveal some interesting findings.
Firstly, there are 3 quite clearly defined areas where the price is ranging from high to low within the range, this can represent some good trading opportunities straight away if you like to trade chop like this - we don't trade this way ourselves, trend following with a tight stop represents much better risk/reward in our humble opinion! (Of course, it depends on MANY more factors than we have time to write about! Personal preference and trading what works for you should always take precedence.)
The second point to make - once price action has broken through any of these S/R levels, it almost always heads off to the next level without much hesitating or waiting around, it will touch the new level and consolidate with the range before making it's next move as it pushes through another level of S/R.
We touched the high-end of the lowest of these 3 range areas yesterday, one of two things is destined to happen - either the price will deflect off the resistance here and trace back to somewhere between $6600 and $7100, or it will shoot through resistance and into the next area highlighted on the chart (between $7900 and $9000).
Seen as the price hasn't deflected off resistance or shown any amount of volatility (in fact, the price has increased by another percent-ish!) we suspect a break-through of resistance and into the next zone.
There's bound to be many levels of accumulated resistance and psychological resistance on it's way up, but with big news approaching (BTC halving), good volume levels and technical indications showing Bullish movements, we're thinking this could go all the way up to $10,000 or $11,000 within a couple of weeks.
Let us know what you think!
-theCrypster
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic.
This is " Price Action with Volume theory ".
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout , we are seeing a single directional move.
If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases.
If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
GBP/USDgbp/usd awaiting confirmation...
Multiple time frames always help you get a better understanding of where price is heading. History tends to repeat itself as they say.
USDJPY MONSTER Trade Alert!It's time for a monster sell on FX:USDJPY ! Even as I write the thing just keeps going down faster than I can get the idea published!
As highlighted: big head & shoulders pattern that coincides with the top of the down parallel channel. And price is loitering in a liquidity zone / resistance area. I'm expecting this to go down to the very bottom (blue line). But as always, price action is king so i'ts good practice to never be 100% confident in any oe direction and plan for both scenarios. That's what an intelligent investor practices allowing them to control their emotions and come out on top even during a flopped trade. So I'm opening 3 trades with varying SL and TP and depicted on the chart. But if this analysis is correct, the trading account would gain 43% at only 3% risk (1% risk on each trade).
At the moment I've moved 2 of the sell trades to breakeven! Risk is now mitigated to only 1%.
Disclaimer: These trade ideas should not be relied upon as a substitute for extensive independent market research before making an actual trading decision. Trading carries inherent risks and a prudent individual will use such information responsibly.
Bare with me this one is an explainer neederEnormous uptrend starting April 3rd to current. Next true resistance is .64320 found on far lefttttt.So how we set this one up before bed is with a buy limit to be sure we don't miss out . Price at .63944 with a stop loss at .63755 and target price at the .64320. A Lot of numbers in this one. Lets see what happens in the morning! Like and engage with a comment about what you see or if you have similar thoughts :)
EURUSD | Bearish Movement For Another 50 To 100 Pips? MAKE SURE TO SMASH LIKE TO SUPPORT THE IDEA!
Hello Forex Lions,
Today we are having a look at EURUSD, I believe it will continue dropping down for the time being. The moving averages are curving, and its also on a nice area.
For more information you can find trades in our groups. Keep everything low risk due to virus please!
EURJPY Will Likely See Bearish Continuation! MAKE SURE TO SMASH LIKE IF YOU SUPPORT THIS IDEA!
Hello Forex Lions,
Currently EURJPY is breaking a important level of sensitivity which was respected numerous times before, I believe EURJPY will continue its bearish movement, also the moving averages are curving which is another good indicator that the continuation of bear movement is there.
USDJPY Possible short to about 105.100FX:USDJPY
Technical
1.) Pivot @108.039 has been broken and should probably go for the next major level of Support at 105.100 based on Supply and Demand
Fundamental
2.) Jobless Claims in the US last Thursday had a great dovish impact and this week expect to see the same or maybe even worse hence my analysis
EURUSD BROKE OUT DESCENDING TRIANGLEHi there.
As what I've shared a few moments ago, EURUSD was within the descending triangle and now it broke outside that pattern. Will we see a support if price touch the broken descending trendline of the descending triangle pattern and move higher or will the market hammered back to continue its downward move?
EUR/USD LONGWait for bullish price action in the buy zone.Never chase the market and let price make the first move...
GBPJPY - London Session PlanMarked areas of potential buy and sell. I will look at how price reacts to those areas and trade accordingly.
GBPJPY long (Supply Demand)Hello Traders !
Last GBPJPY Trading Idea was not confirmed. Price broke through the Demand Zone and I adapted now the charts. I am looking at the daily level which is very powerful. Also here watch for Price Action confirmation.
Let me know your view on GBPJPY and what you think about my Analysis.
Please leave a LIKE to support me if you like the Content I provide on Trading View
Thank you and we will see next time
- Darius.
EURGBP long (Supply Demand)Hello Traders !
I already posted this setup. I updated the charts with new Zones and Lines. I expect a push to the upside to the Supply Zone.
Structure:
We can definitely see bearish pressure. It would not surprise me if the Supply Zone will push the price after a bullish move more to the down side. But we will see.
Watch Price Action, follow your trading plan and trade carefully friends.
Let me know your view on EURGBP and what you think about my Analysis.
Please leave a LIKE to support me if you like the Content I provide on Trading View
Thank you and we will see next time
- Darius.
EURNZD long or short (Supply Demand)Hello Traders !
I marked 2 possible scenarios on EURNZD.
1) We could see the price moving to the Resistance Level and from there to see a nice big drop.
2) Instant drop from our Zone marked on the charts
Watch Price Action, follow your trading plan and trade carefully friends.
Let me know your view on EURNZD and what you think about my Analysis.
Please leave a LIKE to support me if you like the Content I provide on Trading View
Thank you and we will see next time
- Darius.
