Waiting for Sell on EURUSDIn the higher Time Frame, the price most likely will be going up. On the other hand, there is a fresh flag limit to sell around 1.06075 to 1.06421
Priceactionstrategy
Waiting for Buy on CADCHFBuy in the extreme area on the flag range to minimize the stop loss percentage, the price looks like going to 0.78000 area.
PRICE ACTION TRADING | THREE TYPES OF TRIANGLES YOU MUST KNOW 📐
Hey traders,
In this post, we will discuss 3 simple and profitable types of a triangle pattern.
1️⃣The first type of triangle is called a descending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend.
Setting a new higher high the market retraces and sets a higher low, then bulls start pushing again but are not able to retest a current high and instead the price sets a lower high and drops to the level of the last higher low setting an equal low.
The price keeps trading in such a manner setting lower highs and equal lows till the price sets a new lower low.
Most of the time it gives a very accurate signal of a coming bearish move.
Please, note that a triangle formation by itself does not give an accurate short signal. The trigger that you should wait for is a formation of a new lower low.
2️⃣The second type of triangle is called a symmetrical triangle.
It is a classic indecision pattern. It can be formed in a bullish, bearish trend, or sideways market.
The price action starts contracting within a narrowing range setting lower highs and higher lows.
Based on them, two trend lines can be drawn.
Breakout of one of the trend lines with a quite high probability indicates a future direction of the market.
3️⃣The third type of triangle is called an ascending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bearish trend.
Setting a new lower low the market retraces and sets a lower high, then bears start pushing again but are not able to retest a current low and instead the price sets a higher low and bounces to the level of the last lower high setting an equal high.
The price keeps trading in such a manner setting higher lows and equal highs till the price sets a new higher high.
Most of the time it gives a very accurate signal of a coming bullish move.
📍Please, note that a triangle formation by itself does not give an accurate long signal. The trigger that you should wait for is a formation of a new higher high.
Learn to recognize such triangles and you will see how accurate they are.
Let me know what pattern do you want to learn in the next post?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPUSD: Multiple Time Frame Analysis & Technical Outlook🇬🇧🇺🇸
Daily/4h time frame analysis on GBPUSD.
Price action and key levels.
Bearish outlook explained.
❤️Please, support this video with like and comment!❤️
EURJPY: Your Trading Plan 🇪🇺🇯🇵
I spotted a very cute bullish accumulation pattern on EURJPY:
the price keeps setting higher lows and equals highs respecting a strong horizontal resistance.
To catch a bullish continuation, wait for a bullish breakout of 136.8 resistance.
Then a bullish move will be expected to 137.86 / 139.7 levels.
If the price breaks a trend line of a triangle, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DOLLAR INDEX (DXY) Bearish Wave is Coming? 💵
Hey traders,
This week, Dollar Index broke and closed below key daily structure support.
Now we see its retest.
Analyzing the reaction of the price to the broke structure, I spotted a cute double top formation on 1H time frame.
Its neckline breakout will most likely trigger a strong bearish move.
First goal - 101.7
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
SILVER (XAGUSD) Bearish Scenario Explained 🪙
Silver leaves bearish clues again:
reaching a strong horizontal supply area the price broke a support line of a rising wedge pattern on 4H.
It looks like the market may drop.
Closest support - 21.37
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
CADCHF: Bearish Breakout & Bearish Continuation 🇨🇦🇨🇭
CADCHF broke a solid key level last week.
Retesting that the pair formed a descending triangle formation on 1H time frame.
Its neckline breakout confirms a coming bearish movement.
I expect a bearish continuation to 0.7545 / 0.752
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
3 Important Terms Every Trader Must Know | Trading Basics📚
Hey traders,
In this post, we will discuss 3 very important market situations that every trader must be able to recognize: breakout, retest, and fakeout.
❗️Please, note that the essential element of all these terms is structure: vertical and horizontal key levels.
📍Breakout is a situation when the market breaks the identified horizontal support or resistance, or a vertical trend line.
Breakout is a very important event that signifies the willingness of buyers/sellers to violate the structures. Violation of support signifies a strong selling pressure while a violation of resistance signifies a high buying momentum.
Usually, the structure breakout is confirmed with a candle close.
For confirmation of a breakout of support, a candle close below that is needed.
For confirmation of a breakout of resistance, a candle close above is required.
📍Retest is the situation when the price returns back to broken horizontal support or resistance, or a vertical trend line after a confirmed breakout.
For a structure breakout, high trading volumes are needed. Usually, after a breakout, the market participants are locally exhausted and a correctional movement follows. That may lead to a retest of a broken structure.
Most of the time, after a retest a strong impulse follows. For that reason, for many traders, the retest is applied for trading entries.
📍Fakeout or false breakout is the situation when the price has not enough strength to maintain its direction after a retest of a broken structure. Instead, the market returns back below/above the broken resistance/support.
Fakeout is one of the main reasons, why structure traders lose money.
One of the ways to avoid fakeout is to monitor trading volumes during a structure breakout. A volume spike is needed to confirm the strength of the market participants while low volumes most of the time signify a manipulation.
Learn to spot breakouts and false ones, and try to trade on a retest.
Let me know what do you want to learn in the next post?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPJPY: Your Trading Plan For Today 🇬🇧🇯🇵
Hey traders,
GBPJPY is approaching a very peculiar zone of confluence on a 4H:
we see a perfect match between a horizontal resistance, falling trend line
and fib.retracements of the last two impulses.
To catch a bearish move from the underlined zone,
wait for a breakout a bearish flag pattern.
You need 4H candle close below its support to confirm that.
Then a bearish continuation will be expected at least to 156.55 level.
If the price breaks the blue zone to the upside,
the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
What to Expect From EURUSD This Week 🇪🇺🇺🇸
Multiple time frame analysis on EURUSD.
Price action and key levels.
Directional bias and thoughts.
❤️Please, support this video with like and comment!❤️
EURAUD buy opportunity Planbuy Plan for EURAUD , always prepared for loss
entry based on price action at the point of interest area
my plan idea is always based on multitimeframe analysis, fibs, pattern move, market structure and common sense
Easy 5:1 ETH Short On the CardsFTX:ETHPERP Trade thoughts:
With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC, and for ETH its just a matter of time - once we break and close below 1889 on weekly timeframe bear market will be confirmed for me. This is last attempt to push the market back up by Bulls.
PA is without question trending down with price below the 4H 50 EMA, and consistent lower lows, lower highs.
Good time to sit back and wait for the next short opportunity with PA destined to head back down.
Keep stops above structure level and an easy 5:1, and possibly 15:1 once you can safely tighten stops after stop hunt attempts. Keep above 2456 until you can be certain.
GOLD (XAUUSD): Time to Grow🥇
Hey traders,
After reaching a major rising trend line on a daily,
Gold leaves a lot of bullish clues.
The price broke and closed above a resistance line of a falling wedge pattern on 4h.
It looks like the market is preparing for a strong bullish move.
I will expect a bullish continuation to 1887 / 1906 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD: Bearish Move From Key Level 🇪🇺🇨🇦
EURCAD reached a key daily structure resistance.
On that, the price formed a cute head and shoulders pattern on 1H time frame.
Then the price broke and closed below its neckline.
I expect a bearish move to 1.3666 / 1.363 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DOLLAR INDEX (DXY) Consolidation and Indecision 💵
As we earlier discussed,
Dollar index reached a major weekly structure resistance.
The price is coiling on that for a couple of days already.
Analyzing a daily time frame, I spotted a classic inside bar formation.
Technically speaking daily candles are currently trading within the range of the 28th of April candle.
It looks like the market participants are waiting for some trigger and currently are very indecisive.
To clarify the future direction of the market,
wait for a breakout of the underlined range (you need a daily candle close above/below to confirm the breakout).
If the price breaks the lower boundary of the range, I will expect a correctional move to 101.5 structure.
If the price breaks its upper boundary, I will expect a bullish continuation to 105.0 level.
Let's see what will happen.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURNZD: Classic Reversal 🇪🇺🇳🇿
Hey traders,
EURNZD formed a triple top formation on a strong intraday structure resistance.
The price successfully broke and closed below its neckline
and now I expect a further bearish continuation.
Initial target - 1.611
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD: Bearish Trend Continuation 🇪🇺🇨🇦
Hey traders,
EURCAD is trading in a bearish trend.
Setting a new structure low last week, the pair retraced to strong resistance.
On that, the price formed multiple dodji candles, and then the pair formed a double top formation.
Its neckline breakout confirms a highly probable bearish continuation.
I expect a down move to 1.34
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDCAD: Oversold Market & Pullback 🇦🇺🇨🇦
AUDCAD looks very oversold.
After the price was coiling within a falling wedge pattern,
it broke and closed its resistance on an hourly time frame.
Now the price may bounce to 0.9115 level.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Copper: Bullish Move From Key Level
Copper reached a very peculiar confluence zone:
we see a perfect match between a horizontal daily demand area,
618 and 786 retracement levels of the last two bullish impulses.
Analyzing the candlesticks, we may spot a nice dodji candle being formed on that structure.
Then, analyzing an intraday perspective, I spotted a bullish breakout of a falling wedge pattern formation.
I assume that it will trigger a bullish move.
Resistances on focus: 800 / 805
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
