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Priceactiontrading

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
🥇Eyes on GOLD, waiting for a pullback to go long.🟢If we see a pullback with good developing price action in GOLD, that's when we make our move. We evaluate if the risk to reward ratio is good enough to justify entering a long trade and set our target accordingly. Entry could be a price action confirmation signal near the zone or a limit order, again depending on how price action develops. We don't just jump in blindly, we also think hard about where to place our stop loss. But if the pullback doesn't happen, I'm not one to chase the market. I stay disciplined and wait for the next high-probability opportunity. No FOMO, no trade. Pass and keep grinding.
PEPPERSTONE:XAUUSDLong
by TradingEdgeHQ
1
CADCHF: Potential Pullback Trade Explained 🇨🇦🇨🇭 CADCHF is approaching a key level. To catch a pullback from that, watch a triple bottom formation on 1H. 0.679 - 0.6796 is its horizontal neckline. Your confirmation will be its bullish breakout (hourly candle close above). Then buy aggressively or on a retest. Targets: 0.681 / 0.6822 If the price sets a new low, 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!❤️
Long
by VasilyTrader
9
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
Nikkei 225 Index (NI225): Classic Bullish Reversal It looks like Nikkei is finally ready to start a correctional movement. After a text of a key daily structure support, the price formed a double bottom and head & shoulders pattern. Their neckline was broken with a high momentum bullish candle yesterday. Bullish pressure will continue. Goals: 27270 / 28050 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:NI225Long
by VasilyTrader
4
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
DOLLAR INDEX (DXY) What to Look At Next Week 💵 Dollar Index dropped sharply this week. The price reached a key daily rising trend line. Probabilities will be high to see a pullback from that. Your confirmation will be a bullish breakout of a falling wedge pattern on a 4H time frame. Patiently wait for a violation, a bullish movement will be expected to 102.9 then. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
6