EURUSD Long Opportunity - DECEMBER RECAP EURUSD LONG:
H was created
Looking for 1st HL - bullish pinbar on 15m TF
Looking for continuation upward with HHs and HLs
I see similar setup on 30m TF (monitor PA)
Priceactiontrading
USDJPY D Chart PA - Targets and AOIsSo we keep going UP on the D UJ chart. I have marked some D AOI (area of interest) and STT (Short term target) above. Currently I see an area of interest above at the 4280-4300 area. Bull protection IMO is at the prev sell block attempt/failure marked and further at the important block lower. Both areas marked. For this week, I expect a continued charge toward target noted above. Lets see how the week moves after holiday. Expect nothing on Monday due to US Holiday. Pattern/ PA - we have a nice break of Spike and channel TL with new high in place.. by that analysis we can begin to head lower anytime. There are other TF reasons I am personally looking for that higher target.. we will see
Happy trading! -- ;) Doc
Who is in control??An important element of studying price action is often ignored, even though it is perhaps the most important one - at least for swing traders.
WHO IS IN CONTROL OF THE MARKET AT THIS TIME?
After all we all want to trade in the direction where the strength lies.
In this example of USDJPY, note how large the recent bullish candles are. This shows momentum lies with the bears.
Note also that these large candles close very near to the low of their range. This shows the lack of bulls.
Don't miss the fact that the pullbacks are quite shallow - another pointer.
See on the chart, the difference between the time taken by both sides to attain the same price points.
None of this is pointing to a possible trade right away, but it does help to point you in the direction where you should be looking.
Always use sound money and risk management and stay patient in all your trades.
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GBPUSD DAILY UPDATEGBPUSD we are sitiing on the major trend in the zone let have wait and sell off after the confirmation
GOLD ANALYSIS wait for confirmation and enter the trigger folks if the candle is still down the 1997 then wait for retesting the level of the 1990 so if the 1 hour candle break this upside move then enter the trigger for 250pips
Overall Range Meanwhile Daily Bullish Monthly: Overall Ranging , Most recent two candles show that buyers are in control
Weekly: Overall Bearish, Price is Currently Retracing and may find resistance at current level.
Daily SETUP : Overall Bullish, Price has broken resistance, creating a CHOCH Confluence #1 , Found Support @ 38.2% (FIBONACCI) Confluence #2 , Price forms a Bullish Engulfing Pattern Confluence #3
** Price Must continue to Test Trend Line on Daily** Marked
Entry will be on H1: Price must Break LH (1) and Test New Found Support(2) ended with a Bullish Engulfing Candlestick Pattern (3)
Daily Targets Based off where price currently is (Disclaimer: These are TARGETS not Take Profits) **You take profits alone the way.**
A. 0.69384
B. 0.71175
XAUUSD Short Opportunity - DECEMBER RECAPDescription is within the chart - looking for downward momentum to occur after 1st LH is printed and 30m bearish engulfing candle - if 1813 level is broken - clean traffic to the left to around 1800.
GOLD ANALYSIS This is what we are expecting in the gold scnerio and the wait for the confirmation after retesting the level and take bag haevy
EURAUD Long Opportunity - DECEMBER RECAPGood looking play:
-price created a H
-looked for support to form & price created a bullish hammer/pinbar
-added dynamic support by ema
-clean M.S and P.A with traffic
-2.5RR
ENTRY WAS OFF BY 4 PIPS....
Dow Jones Index (US30): Time For Pullback 📈
US30 dropped to a key daily structure support.
Analyzing a reaction of the price to that, I spotted a head & shoulders pattern on 1H.
Its neckline has just been broken.
I expect a pullback to 33000 / 33200
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JINDAL STINLESS Perfect Price Action ExJINDAL STANLESS the daily and monthly chart price pattern example of price action trading, I am first time see this type of perfect price action. .
If you are love the price action save this chart on your Gallery.
GBPAUD: Your Trading Plan 🇬🇧🇦🇺
GBPAUD is trading within a wide horizontal trading range on 4H.
The price is currently coiling around its resistance.
To short with a confirmation, watch 1.8128 - 1.8166 area.
It is a neckline of a double top pattern.
We need a 4H candle close below that to confirm its breakout.
Short aggressively or on a retest then.
Goals will be 1.808 / 1.803
If the price sets a new high though, the setup will become invalid.
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eurusd , shortAfter hitting the ceiling of the descending channel , the euro-dollar entered correction and will move towards the ceiling of the channel after correction again.
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gbpusd, shortSimilar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again.
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
AUDJPY: Your Trading Plan 🇦🇺🇯🇵
Update for AUDJPY.
The price was nicely rejected from a resistance line of a falling parallel channel on a daily.
To short with a confirmation, pay close attention to 92.4 - 92.55 area.
It is a neckline of a head and shoulders pattern that I spotted on 4H.
Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then.
Goals will be 91.9 / 91.3
If the price sets a new high, the setup will become invalid.
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VUAA to make a pullback and provide new BUY opportunity?Based on historic PA we can see the clear trend (UP).
However with the current economic situation, covid, war etc... stocks are making pullbacks.
Price is currently rejecting top of the bearish channel and could go lower to the trendline, however if Fibonacci is to be respected (Price already rejecting 0.786 level that aligns with the top of the channel) we could see deeper pullback and Fibonacci target for sell -0.27 aligns perfectly with HIGH from the past.
Targets upon pullback are of course each HIGH.
I would like to see price touch the trendline to execute some buys and if we dive lover and respect Fibonacci I will execute buys there as well.
Short term bearish, long term bullish.
Please have in mind that this is WEEKLY chart and analysis is for long term perspective.
This is not a financial advice.
GBP/USD Short - DECEMBER RECAP
Great Play !!!
Description in the screenshot of todays short on GBPUSD.
2RR - lowered my risk due to P.A but nevertheless, stayed inline with downward momentum !
Price action Setups on NaturalGas Since the gap up on Gas price has moved volatile between 6.97 and 6.40
Price has come back into the area of support with a potential exhaustion to the downside coming to a close.
Simple price action setup...
The first pattern connector provided a 6% swing to the upside.
Could the new pattern connector deliver the same??
AUDJPY: 2 Scenarios Explained 🇦🇺🇯🇵
Very peculiar situation on AUDJPY.
The market is trading within a falling parallel channel on a daily and approaching its resistance at the moment.
Depending on the reaction of the price to that, I see 2 potential scenarios.
Bullish
If the price breaks and closes above the resistance of the channel, it may initiate a bullish continuation.
Goals will be 93.7 / 94.5
Bearish
The market may also drop from the vertical resistance.
To short with a confirmation, watch a bearish flag pattern on a 4H.
Its bearish breakout will trigger a bearish continuation to 91.9 / 91.6
Wait for a breakout and follow the market then.
What do you expect?
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Dollar Index (DXY): Bearish Outlook For Next Week 💵
Dollar Index is trading in a bearish trend.
After a bearish breakout of key structure, the market retested that.
The price formed a head & shoulders pattern and violated its neckline then.
We see its retest now.
I believe that the market will keep falling.
Next support - 103.73
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USDJPY: Your Trading Plan 🇺🇸🇯🇵
USDJPY is approaching a horizontal daily supply area.
To short the market with a confirmation, watch a head & shoulders pattern on 4H.
135.95 - 136.35 is its horizontal neckline.
Wait for its bearish breakout - 4h candle close below,
then, sell aggressively or on a retest.
Target will be 134.28
If the price sets a new high, the setup will be invalid.
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US30 Long - DECEMBER RECAP
Great setup pre NY session !
HHs and HLs - B and RT with ema acting as dynamic support - healthy RR
EURAUD: Bearish Outlook 🇪🇺🇦🇺
EURAUD is trading within a horizontal trading range on a daily.
Approaching its upper boundary, the market was rejected.
The price formed a head and shoulders pattern on 4H time frame.
Now, we see its neckline breakout.
I expect a fall to 1.546 / 1.532
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