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Priceactionstrategy

EURCHF: Your Trading Plan For Today 🇪🇺🇨🇭 EURCHF is currently consolidating. The pair is trading within a wide intraday trading range. Currently, the price is approaching its lower boundary. To buy the pair with a confirmation, watch a double bottom pattern. 0.994 - 0.9943 is its neckline. Wait for an hourly candle close above that, buy aggressively or on a retest then. Target will be 0.996 If the price sets a new lower low, the setup will be invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Learn Best Price Action Pattern For Trend-Following Trading 📚 In this educational articles, I will teach you the best price action patterns for Trend-Following Trading. 📍Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the equal highs, a rising trend line based on the higher lows. ❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the level of the last higher low. 🎯Take profit is the next historical resistance. —————— 📍The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 main elements: a horizontal neckline based on the equal lows, a falling trend line based on the lower highs. ❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the level of the last lower high. 🎯Take profit is the next historical support. 📍Bullish & Bearish Wedges The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. —————— The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. 📍Bullish & Bearish Flags The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. —————— The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. 📍Bullish & Bearish Symmetrical Triangles The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the last higher low of the pattern. 🎯Take profit is the high of the pattern. —————— The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the last lower high of the pattern. 🎯Take profit is the low of the pattern. The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart. Once you learn to do that, I guarantee you that you will make tons of money trading them. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
DOLLAR INDEX (DXY) Waiting For Breakout 💵 Dollar Index is consolidating. The market is currently coiling within a horizontal trading range. 103.73 - 103.97 is its resistance. I believe that the next bullish move may initiate after its breakout. Wait for a candle close above that first, then buy aggressively or on a retest. Next resistance will be 105.1 Remember, that a bearish breakout of the support of the range may push the index lower. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
6
EURGBP: Bullish Setup Explained 🇪🇺🇬🇧 EURGBP formed a huge ascending triangle on a daily time frame. The price was nicely respecting its horizontal neckline for some time. It was finally broken yesterday with a strong bullish candle. Now, the broken neckline of a triangle and its trend line compose a contacting demand area. I suggest waiting for an occasional retest of that area, expecting a bullish continuation. Goals: 0.9 / 0.95 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
NZDCAD: Time to Buy 🇳🇿🇨🇦 Update for NZDCAD. Yesterday, we spotted a confirmed breakout of a key horizontal structure and we underlined a zone from where we should look for buying opportunities. Testing the underlined zone, the price formed an inverted head & shoulders pattern this night. Its neckline was broken. I expect a bullish continuation now to 0.866 / 0.86975 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
AUDUSD: Technical Outlook & Trading Plan 🇦🇺🇺🇸 AUDUSD is approaching a key daily structure resistance. To catch a pullback from that, watch a 4H time frame. I spotted a rising wedge pattern there. Wait for a bearish breakout of its support (4h candle close below). It will most likely initiate a correctional movement. Goals will be 0.6925 / 0.6888 Alternatively, a bullish breakout of the underlined blue zone will push the market higher. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
GOLD LONG SET UP Hi Everyone, Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels. We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the resistance zone in green which is now acting as a big support. Let me know where you guys agree or disagree on this idea and also let me know where you guys think gold is heading for the next days. Cheers everyone!!!!!
OANDA:XAUUSDLong
by sweeezy