We are using our POW reversal strategy for this trade a NZDCHF long. Trade details for current trade are shown on the chart. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. You might be wondering what the shaded out areas are on the...
End of the move, a clean 5:1 win Proper Risk Management is key to efficient and profitable trading.
Hit profit goal last night around 1am. Of course it kept running and we could have made a huge profit. But, the goal is to catch the wave consistently not squeeze every ounce out of every trade.
The market is bullish on both the daily and weekly time frame so I am looking to buy under these circumstances and found the below to be of importance to me: 1. Capped trend line broken 2. Double inside bar candle breakout I'm happy to jump in here with the 80 pip risk - the reward is set at 375 pips so it will be worth it should the market play out this...
Based on the positions I took last week and a few pairs that I am watching, I am sharing my thoughts with you in this video. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information...
There are a few factors that come together on this pair. I note my points below that draws my attention to the bulls. 1. Down-trend structure changed to HH and HL 2. Breakout of bullish flag pattern 3. Pullback to Fibonacci zone 4. Bullish engulfing bar completed (See D1 as well for another engulfing bar) For this type of setup the stops are best placed below...
In my view this is a good quality technical setup with low risk 1. Good support on the weekly time frame 2. Inverse head and shoulder pattern on D1 - a reversal pattern found on major support? How lucky :) 3. Pullback to the fibonacci zone 4. Pin bar signal candle 5. Moving average pinned This trade setup can be traded with a provisional target and if the...
After reversing on the major support, the market has rallied higher and just hit the fibonacci zone after a pullback. 1. Pullback to fibonacci level 2. Bullish engulfing bar (needs to close as such to confirm) 3. Previous resistance tested as support 4. Moving average at play as well This is a classic setup using a few factors in confluence. The engulfing bar...
There are a few factors in play with this setup. The pin bar striking the moving average on the weekly time frame around resistance indicates a bearish signal from price action: H4 has a few clear characteristics that is classic of a bearish setup: 1. Bearish engulfing bar 2. Pinning moving average 3. Pinning fibonacci 50% pullback level When the above is...
When you look on the daily time frame you will note that price is in an up trend: I am looking to buy in a bullish market, so 1. Nice pullback on D1 after the minor resistance was broken 2. The market is now beginning to test the fibonacci levels 3. Pin bar forming (needs to close as such to confirm) This setup has to be validated by a price action signal like...
I like this setup because the swing low to the left provided a level that gave the bearish engulfing bar significance. This looks like a well positioned short trade set-up given that the moving average is also playing a role in the failure of the bulls to push the market back up. This type of setup entails that the best position for stops to be above the...
How do you know if a reversal is likely to take place on support? 1. The bottom bollinger is pinned on a support level 2. Price action buy signal This setup is a bit more complex because of the resistive trend line drawn, once that breaks its adios! Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial...
Support level broken Pin bar striking the 21sma. Nice signal but I'm looking for a better risk to reward ratio. Strategy - I'll wait for a bearish engulfing bar/inside bar/pin bar to work with the 8sma for a signal to short. That will offer a better risk for this short term short - why short term? Flip to the weekly time frame and check the major support where...
A doii = indecision Indecision on support = buy signal The principal for this type of setup entails placing the stop a few pips below the doji. The profit target must be at least double the risk and the up side potential here is MUCH more than the provisional target. Don't invest what you can't afford to lose. This is not investment advice. Subjective...
Bullish engulfing completed after the resistance broke. This is confirmation from price action for the bulls to resume. For this type of setup stops are best placed below the engulfing bar and the target is at least 1:2 risk to reward or next resistance level (if it has good RRR) Don't invest what you can't afford to lose. This is not investment advice....
The engulfing bar is a great signal from price action. Notice the inside bar false breakout pattern on D1 time frame. This is a good example where the support was broken and tested from the under side as resistance and a sell signal from price action completed. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of...
Support broken Bearish engulfing bar formed Pin bar pinning the moving average Selling at market price 1.63402 and # SL above the engulfing bar @ 1.64279 # TP lower @ previous swing low @ 1.61411 1:2.5 risk to reward ratio Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can...
Hi all! AyadTrade, thios is my view on the gbpnzd h4 chart, go for it ! leave a like and follow for more pro signals FOR FREE!