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Priceactiontrading

EURCHF: Update & Bearish Outlook 🇪🇺🇨🇭 This week we spotted a bearish breakout of a key level on EURCHF pair. I was patiently waiting for a retest of the broken structure to look for shorting opportunities. Today I finally spotted one. The price formed a double top formation with a lower high on an hourly time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.01 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
17
US30 Scalp IdeaUS30 is currently in a huge range on the higher timeframe but there are some quick scalp trading opportunities within this range. Overall price has been bullish but this past week we have had a pullback. If price fails to break and close above resistance, we can see some more bearish continuation. Waiting for the market open to bring in volume to push price either to the upside or downside. I will trade with the momentum for a quick scalp trade opportunity depending on which way price breaks.
U
by dreadhead4_life
PRICE ACTION TRADING | INVERTED HEAD & SHOULDERS PATTERN 🔰 Hey traders, Inverted head and shoulders pattern is a classic reversal pattern. It signifies the weakness of buyers in a bearish trend and a bullish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder), then the market goes lower setting a new low but instead of setting a new lower high, the price returns back to the level of a previous lower high setting an equal high (head). After that bears start pushing again but with an amplifying bullish pressure, the market sets a higher low and returns back to equal highs setting a new one (right shoulder). 🔔Equal highs form a horizontal structure called a neckline. Once the pattern is formed it is still not a trend reversal predictor though. The trigger that is applied to confirm a trend reversal is a bullish breakout of a neckline of the pattern. 📈Then a long position can be opened. For conservative trading, a retest entry is suggested. Safest stop is lying at least below the right shoulder. However, in case the heights of the right shoulder and head are almost equal it is highly recommendable to set a stop loss below the head level. 🎯For targets look for the closest strong structure resistances. What pattern do you want to learn in the next post? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
7
🐂EUR/JPYEUR/JPY has been bullish for some time, giving positives on a previous setup we shared. Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below. On the 1H chart, price has now presented a continuation pattern in the form of a flag. We should look to long when price touches the supporting trendline for the third time and changes structure Price has also formed an invers Head & Shoulders, so we should look to buy. OANDA:EURJPY
Long
by WAR_ON_FOREX
2
CRUDE OIL (WTI) Important Structure to Watch 🛢 Hey traders, Crude oil is very close to a major rising trend line on a daily. From that we will look for buying opportunities. To buy with a confirmation watch a bullish flag pattern on 4H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Local targets will be: 108.0 / 114.3 If the price breaks a trend line to the downside, the setup will be invalid and then the market may drop lower. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
5
BTC closed under a Daily S/R - 48k Resistance / 47k SupportBTC has been pumping absolutely wild in the past few days but with no significant high timeframe retracements. The interesting thing to note is how the price was pushed all the way down to under the Daily S/R at 47.1k before finally bouncing back to the mid 47k area. This push down into the Demand zone (A) which was created right above the all-important Weekly Open. The current Supply zone (B) was created from the swing of the high at 48k yesterday. As the price came back down it created a Daily Open for today at (C). This mini range between 47k and 48k is quite interesting and since the Demand zone (A) has been tested but the Supply Zone (B) has not, which tells me the key here is the breakout of either the (A) zone or (B) zone You can draw a range on 47k to 48k if you wanna play that intraday for scalping. Personally, I'm waiting for the breakout and 4hr or higher confirmation of gain of 48k or loss of 47k and the Weekly Open Longs vs Shorts is 50/50 on the retail side so don't let your bullish or bearish bias get the better of you, wait for a key level breakout. I'm also interested in the forced push down of price to under the key S/R at 47.1k for an overtly bearish looking at the Daily Open and flushed most of the longs out all the way to the Weekly Open.
by TrendmasterOfficial