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Priceactiontrading

EURJPY: Potential Bullish Continuation Explained 🇪🇺🇯🇵 EURJPY is accumulating around 143.85 - 144.25 horizontal resistance. The price has already set 3 equal highs respecting that. Taking into consideration that the pair is trading in a strong bullish trend, I believe that we will see a breakout attempt soon. Wait for a breakout of the underlined yellow zone, daily candle close above that will confirm a breakout. A bullish continuation to 147.0 level will be expected then. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURNZD: Potential Long Trade Explained 🇪🇺🇳🇿 EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You need a 4H candle close above to confirm a breakout. Target will be 1.6817. If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
12
GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵 One more instrument that we covered on a today's live stream is GBPJPY. The market nicely retraced to a solid horizontal support. On that, the price formed a double bottom formation. Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation. You need an hourly candle close above that to confirm a breakout. Then a bullish continuation will be expected to 164.16 / 165.053 levels. 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!❤️
Short
by VasilyTrader
17
NZDJPY: Potential Trend-Following Trade Explained 🇳🇿🇯🇵 Hey traders, NZDJPY is accumulating on a key level. The market is coiling within a narrow range on 1H time frame. Taking into consideration that the pair is trading in a long-term bullish trend, I will be waiting for a bullish breakout of the resistance of the range as a confirmation to buy. Wait for an hourly candle close above 85.6 - 85.68 area, then buy aggressively or on a retest. Goals will be 86.0 / 86.3 If the price breaks a support of the range, 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
3
Simple strategy to help you win in forexThis is a simple Break and retest strategy in video, explaining how you can also take advantage of price action to take profitable trades in the market. This trade was executed live on June 2, key things to note 1) Always look at the higher timeframe to guide you, as you can see following our monthly projection for the month of June we already knew we wanted to be in buys. We dropped down to the daily timeframe to gauge what was happening and saw a wick that needed to be filled on the daily. dropping down to the 4hr we could see a detailed action to capitalize on 2)Always look to take your trades in High volume times, sessions like London and NY provides a lot of liquidity and volume for price to move look to capitalize during those times 3) be patient i hope you enjoyed my short video give a like for more videos like this.
Education
by DMG_price_action_traders