Priceactiontrading
RBF | Pullback Buy Position | Elliot Wave 5th Impulse TargetRBF | Thailand SET Index | Food Sector | Price Action Trading
Price Action | Entry Zone Position @ Pullback
Chart Pattern | Ascending Triangle Breakout
Elliot Wave Mapping for estimated 5th Impulse Wave Target
Place your stop-loss about 5% below entry
Risk Ratio: 3:1 Minimum
Always respect your stop-loss
Good Luck
US30 Daily TF Analysis-SellsPrice is currently testing a level of support which is also where the 200 EMA. I anticipate that the market will reaction to this level and have a bullish pullback to build momentum for the NY session to retest the lows that were created during the NY session close. As long as price respects the market structure, the analysis should play out. This week the market has been bullish all throughout the London session and pre-NY open. Then in the afternoon 1-2pm Est, the market starts to continue the bearish momentum and takes out all of the bullish movement that was created. My bias is still bearish, its just a matter of waiting for the right time with volume in the market to execute.
1. Daily Candle closed above the 200EMA
2. Price also closed at a strong level of support
3. Structure was broken and price formed a new low
4. Price can possibly pullback during the Asian and London session to retest the support that was broken during today's NY session
*If price breaks and closes below the 200EMA on the daily TF, there is a high probability that the market can continue bearish going into next week.
US30 Scalping setup for 01/20/22*Overall Sentiment is Bearish bc of interest rate talks. Price is currently in downtrend (Bearish)
1.Yesterday's NY session created a low
2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish
3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish trend
4.Price has been forming lower highs which indicates the bearish trend is still valid
EURJPY: Potential Long Trade From Key Level 🇪🇺🇯🇵
EURJPY is testing a strong confluence zone:
we see a perfect match between a horizontal structure support & 382 retracement of the last bearish impulse.
To buy with a confirmation watch a double bottom formation on 4H time frame.
129.9 - 130.0 is its neckline.
Wait for a 4H candle close above that as your trigger to buy.
Your first goal will be 130.7 level.
If the price sets a new lower low on 4H, the setup will be invalid.
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XAUUSD H4 TF In my last analysis on USDCAD, I had mentioned how an overall weakness in the USD will simultaneously cause a bullish rally in gold as well as the reason.
Right now, we see XAUUSD breaking through structure high (also previous month high), with a momentum candle, which might mean the bulls are ready for the rally. We'd in our normal nature of being reactive wait for a retest of structure resistance into support before going long.
S T A Y R E A C T I V E
AUDNZD: Consolidation & Complete Indecision 🇦🇺🇳🇿
For the 4 consequent weeks, AUDNZD is consolidating.
The pair is coiling within a horizontal trading range.
From a current perspective I see two potential scenarios:
In case of a bullish breakout of the range (candle close above 1.0645 - 1.0668)
a bullish continuation to 1.073 level will be expected.
In case of a bearish breakout of the range (candle close below 1.0566 - 1.059)
a bearish move to 1.057 level will be expected.
And while the market is staying within the boundaries of the range
you either wait for a breakout or buy/sell its support/resistance.
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DOLLAR INDEX (DXY) Time to Fall! 💵
Dollar index broke and closed below a support line of a major rising parallel channel on a daily.
Retesting the broken support the price formed a head and shoulders pattern.
Its neckline violation confirms a coming bearish rally.
Targets:
94.9
94.66
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USDCAD, Daily TF, buy on supportTrade ideas for USDCAD
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
SYNGENE is about the break the trend line.NSE:SYNGENE
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
SUMICHEM is about the break the trend line.NSE:SUMICHEM
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
longA trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.And A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier.
HFCL LTD 1D Time Frame Here's the chart analysis of HFCL .
HFCL in an uptrend and it formed a Triangle Pattern breakout with a Good Volume support . In terms of the the pattern touches the Resistance zone and now gives a Breakout . after a breakout wait for a next move and price moves towards a upside .
AUDJPY : 4H ANLYSIS 💰
FX:AUDJPY
As you can see, everything on the chart makes sense, every move makes sense.
As we can see, the price is in the descending channel and we've just created a new LL,
which means we can expect a pullback that will allow us to make a new LH after what
I expect that price will follow descending structure and make new LL.
If you find this helpful please hit like and follow.
Ethereum breaks Weekly Pivot Point. Can we long it?The ETH / USDT price stopped rising at the important Pivot Point Weekly level.
The level has been broken and now is being tested. If resistance becomes support, then we have a free path to the daily trend line and possibly further to a fair price (Point Of Control).
Entering the trade is needed to confirm all the factors of our Price Action Strategy.
Happy trading, Alex_UCT
EURCHF: Bearish Wave is Coming?! 🇪🇺🇨🇭
EURCHF is trading in a sharp bearish trend.
The price nicely retraced to a key weekly structure resistance.
On that, a classic bearish accumulation pattern was formed.
I believe it's time to sell the pair.
Goal - 1.0452
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ETH/USDT finally in UP TREND now.I found today's setup on the ETH / USDT pair, where an uptrend has finally formed and therefore we have a chance to look for a suitable place to enter the Long position.
The current price is under Point Of Control, which is the current fair price, so we have another reason why the price could go up.
We are always looking for a suitable place to enter on a lower time frame and we enter based on the conditions of our Price Action Trading Strategy.
Have a nice day and Happy trading, Alex_UCT
MAKRO | Downtrend Price Rejection | Entry Position & TargetMAKRO | Thailand SET Index | Commerce Sector | Price Action Trading
Chart Pattern: Three Drive Falling Wedge Pattern
Price Action: Downtrend price rejection candles
Indicators:
> Multiple banker smart money signals
> Banker chip entry signal
> BBD Banker bullish divergent crossing up 0 baseline
> Fund flow bullish reversal with bottom signal
> KDJ Sto turning bullish
Risk ratio: 3:1 with 5-7% stop-loss below entry zone
Always respect your stop-loss
Good Luck