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Priceactiontrading

USDCHF: Your Trading Plan Ahead Of CPI 🇺🇸🇨🇭 Traders, do not forget that in 30 minutes we are expecting US CPI Report. Here is your detailed trading plan for USDCHF ahead of the news. The market is currently approaching a key daily horizontal support. Your bullish confirmation will be a bullish breakout of a resistance line of a falling wedge pattern on a 4H time frame. 4H candle close above the trend line will give you a strong bullish signal. A bullish continuation will be anticipated to 0.9067 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
9
BluetonaFX - EURGBP Rising Wedge SHORT IdeaHi Traders! There is a rising wedge pattern on EURGBP, which signals a possible reversal of the bullish trend we have seen over the past two months. Price Action 📊 The market failed to break the previous resistance at the 0.87014 area, which led to lower highs and lower lows market swings, followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market. We are looking for a bearish break and a close below the support trendline. Fundamental Analysis 📰 Traders seem to be uncertain about the euro after ECB president Lagarge claimed that she is confident the ECB's policy will bring inflation back down to their 2% goal. Support 📉 0.86140: SUPPORT TRENDLINE Resistance 📈 0.86428: PEVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - GBPJPY Double Top SHORT IdeaHi Traders! There is a double top pattern formed on the 4H GBPJPY chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had two price rejections around the 183 level, which is bearish. Although there is very strong support at 181.380, which is our support line, A price break below this level is likely to lead to a momentum break further down. We are now looking for further bearish momentum to break and close the support line and the 20 EMA to continue to the downside. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 181.380: TRENDLINE SUPPORT Resistance 📈 182.207: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
BluetonaFX - GBPAUD Descending Triangle SHORT IdeaHi Traders! The bearish price action continues on the GBPAUD 1D chart, and there may be possible opportunities for short entries. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line and continue to the downside. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.88514: TRENDLINE SUPPORT Resistance 📈 1.92527: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
11
XAUUSD - Price Action - Today's Key Zones - London/NY SessionToday's potential trades for #XAUUSD - OANDA:XAUUSD It's over 100 pips between today's support/resistance zone. If there's no breakout, we have enough room to trade within these prices, on the smaller time frames with care If there is a breakout of today's support/resistance zone, it will come at these levels. 📈Potential Buys on close above 1829.139 📉Potential Sells on close below 1817.495 Once the price has closed above/below, we will look for an entry on a smaller timeframe. Our targets for today: Buys: Close Part of your trade/TP1 at 1839.583 and set SL to BE (or at around 50-100 pips) Close Full/TP2 at 1863.231 (or at around 150-200 pips) Sells: Close Part of your trade at 1808.355 and set SL to BE (or at around 40-90 pips) Close Full at 1795.320 (or at around 150-200 pips) Happy trading all 🤑
OANDA:XAUUSD
by n0madtrader
BluetonaFX - NZDUSD Bear Flag SHORT IdeaHi Traders! There is a bear flag pattern on NZDUSD, and there is a possibility of a continuation of the bearish trend if we get a break of the flag channel. Price Action 📊 There is a lack of bullish momentum in the market due to a lack of market swings to counter the bearish trend; this tells us that the bears are in full control of this market. We are looking for further bearish momentum to break and close below the flag's channel. Fundamental Analysis 📰 Traders are currently very bullish on the US dollar due to the very strong economic data and positive statements from the Federal Reserve. Support 📉 0.58892: FLAG CHANNEL SUPPORT Resistance 📈 0.60483: FLAG CHANNEL RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - USDJPY Price Channel Breakout SHORT IdeaHi Traders! USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months. Price Action 📊 There has been a momentum break below the ascending price channel and the 20 EMA. We are looking for further momentum to take the market further below. Fundamental Analysis 📰 Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum. Support 📉 148.460: PREVIOUS SWING HIGH Resistance 📈 149.506: DAILY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - GBPUSD Descending Triangle SHORT IdeaHi Traders! GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low. Price Action 📊 The market has reached the four-month low, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.   Support 📉 1.23081: 4 MONTH LOW Resistance 📈 1.24216: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - EURGBP Ascending Triangle LONG IdeaHi Traders! There is an ascending triangle formation on EURGBP, and there is a possibility of a breakout to the upside. Price Action 📊 The market is in an ascending price channel with higher highs and higher lows since breaking above the 20 EMA, creating an ascending triangle pattern on the chart. We are looking for a resistance break and a close above the 0.87014 level. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low, whereas the market's outlook on the EUR has been recently positive, with the ECB recently raising interest rates by 25 basis points to 4.00%.   Support 📉 0.86604: PREVIOUS DAY'S LOW Resistance 📈 0.87014: TWO-MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
BluetonaFX - GBPAUD Triangle Break SHORT IdeaHi Traders! There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.90556: WEEKLY LOW Resistance 📈 1.92405: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺 Even though, EURAUD is trading in a long-term bullish trend, we can not deny the following bearish clues: First, the pair violated a support line of a rising parallel channel and closed below that on a daily. Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market may easily drop lower. Targets - 1.640 / 1.628 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
Price Action and Trade Review for the DOW Jones IndexPrice action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for trades and the price action that led to trapped traders getting squeezed out of the action. *** Feel free to take a look at our profile page and Please Follow for more content *** *** Please Leave a Like and Comment if you enjoyed this video ***
CBOT_MINI:YM1!
by ReverseRetail
4 Classic Bullish Patterns EVERY TRADER Must Know In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument. 1️⃣Bullish Flag Pattern Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within. Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market. Best entries should be placed immediately after a breakout or on a retest. Safest stop loss is below the lows of the flag. Target - the next key resistance. Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated. 2️⃣Ascending Triangle Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously. The equal highs compose a horizontal resistance that is called the neckline. Its breakout is an important sign of strength of the buyers. Buy the market aggressively after a violation, or set a buy limit order on a retest. Stop loss should lie at least below the last higher low within a triangle. Target - the next strong resistance. Take a look at that ascending triangle formation on EURUSD. Bullish breakout of its neckline was a perfect bullish signal. 3️⃣Falling Wedge That formation is very similar to a bullish flag pattern. The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time. Your signal to buy is a bullish breakout of the resistance of the wedge. Stop loss is strictly below its lows. Target - the next key resistance. GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend. You can behold how nicely the price bounced after a breakout of its upper boundary. 4️⃣Horizontal Range Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend. The price starts consolidation, then, setting equal highs and equal lows that compose a horizontal channel. Breakout of the resistance of the range is a strong trend-following signal. Buy the market aggressively after a breakout or conservatively on a retest. Stop loss will lie below the lows of the range. Target - the next strong resistance. Dollar Index formed a horizontal range, trading in a strong bullish trend. Breakout of the resistance of the range triggered a bullish rally. The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
FOREXCOM:XAUUSDEducation
by VasilyTrader
10
BluetonaFX - EURGBP Triangle Break LONG IdeaHi Traders! There is a potential triangle break to the upside on the EURGBP 3H chart. The price action looks very bullish; we have highlighted the downside rejection candle to take it above the 20 EMA. The market has also been swinging higher with high lows and higher highs. We are looking for further momentum to take us above the resistance area around 0.86064 and 0.86110; we must break this area and stay above the 20 EMA to continue upwards. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
3
BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
AUDCHF: Swing Short Explained 🇦🇺🇨🇭 On the today's live stream, we discussed AUDCHF. The market is trading in a long term bearish trend. In the middle of August, the market started a correctional movement within a bearish flag pattern. After the price reached the confluence zone between a horizontal resistance and a falling trend line, the market dropped and violated a support line of the flag. It will most likely push the prices lower to 0.5626 - current low. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
8