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Pricetrap

Break and Retest of Consolidation ZoneI began on the one hour timeframe. I saw that price was in-between a zone that I had previously placed a few days ago. Just to make clearer I “boxed up” the price with my yellow rectangle. Using this strategy I’m able to wait for breaks to the downside or upside and look for the corresponding entry. In looking at this chart, it appeared bullish to me. I favored the move to the upside and wanted to see price break,retest, and continue the uptrend. My SL (50 pips) was placed below the zone. I now see 30 pip SL would have been sufficient. Trade went my way (100+ pips). Looking back I see multiple opportunities to add positions based on fib entry (15 min timeframe).
Long
by RichCalvin
1
High probable BuyConfirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Buy EP 78.549 SL 76.015 TP1 81.084 Sell EP 73.248 SL 75.783 TP1 70.714
by Current32sa
2/3 Confirmations for sellSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected entry for Buy EP 109.619 SL 109.123 TP1 110.131 Projected entry for Sell EP 107.598 SL 108.110 TP1 107.077
by Current32sa
Strong High probable Buyconfirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 1.21629 SL 1.22247 TP1 1.21010 Projected Entry for Sell EP 1.19375 SL 1.19993 TP1 1.18756
by Current32sa
US30 - TRADE BREAKOUTChart is marked up on 1H timeframe. Steps on 15M timeframe - Wait for the BREAK with price closes above/below the line for BUY/SELL - Wait for the RETEST with price closes above/below the line for BUY/SELL. - Then enter if price meets both conditions. If the BREAK has open price is close to the line, ENTER on BREAK, aim for TP1 or 20PIPs. If it has RETEST, check condition above. Tag me on IG @tuanjoedoan if you get profit from this markup. Strategy was learned from KIMBERLY TORRES @theforexchick (IG)
OANDA:US30USD
by MrTuanDoan
Price action Likley BuySeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 1.62043 SL 1.61810 TP1 1.62320 TP2 1.62927 TP3 1.63399 Projected Entry for Sell EP 1.61390 SL 1.61611 TP1 1.61136 TP2 1.60870 TP3 1.60591 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries Set alarm for 5 mins. If the candles closes red enter for sell
by Current32sa
50/50 buy or sell Waiting on Price actionSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 142.060 SL 141.563 TP1 142.487 TP2 143.239 TP3 142.487 Projected Entry for Sell EP 140.778 SL 141.275 TP1 140.610 TP2 140.036 TP3 139.645 TP4 139.332 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Waiting for Price ActionSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 108.319 SL 108.051 TP1 108.586 TP2 108.854 TP3 109.211 TP4 109.665 Projected Entry for Sell EP 107.705 SL 108.062 TP1 107.558 TP2 107.339 TP3 107.120 TP4 106.568 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either-or signal. I will take price action in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Strong look for BuySeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 72.172 SL 71.913 TP1 72.423 TP2 72.571 TP3 72.873 TP4 73.136 TP5 73.359 Projected Entry for Sell EP 71.612 SL 71.913 TP1 71.362 TP2 71.262 TP3 71.021 TP4 70.810 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Waiting for Price ActionSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 1574.85 SL 1564.24 TP1 1579.07 TP2 1587.57 TP3 1596.89 TP4 1614.35 Projected Entry for Sell EP 1556.33 SL 1563.88 TP1 1552.44 TP2 1544.89 TP3 1531.43 TP4 1511.96 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
FX_IDC:XAUUSD
by Current32sa
Waiting for Price Action (Very Likley Buy)Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 1.04246 SL 1.04041 TP1 1.04504 TP2 1.04851 TP3 1.05222 TP4 1.05509 Projected Entry for Sell EP 1.03547 SL 1.03749 TP1 1.03309 TP2 1.02951 TP3 1.02678 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Strong Possible SellSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 121.515 SL 121.321 TP1 121.762 TP2 121.141 TP3 122.454 Projected Entry for Sell EP 120.945 SL 121.153 TP1 120.692 TP2 120.313 TP3 120.017 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Waiting on likely Buy Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 75.097 SL 74.891 TP1 75.258 TP2 75.353 TP3 75.444 TP4 75.556 Projected Entry for Sell EP 74.667 SL 74.875 TP1 74.531 TP2 74.413 TP3 74.269 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Strong Possible Buy Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather react to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction Projected Entry for Buy EP 72.771 SL 72.566 TP1 73.021 TP2 73.169 TP3 73.510 Projected Entry for Sell EP 72.344 SL 72.549 TP1 72.094 TP2 71.935 TP3 71.764 I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. How to read my chart TP's are marked in Green Zone is marked Orange hover over note pins for price action Entries
by Current32sa