Double inside bar breakoutThe 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 move.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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Profitfxza
Market overviewBased 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 zc.vg
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Head and shoulder patternToday is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today:
The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!)
I'll be waiting for the neck line to break before considering to take an entry. A price action signal after the neck line breaks would be ideal. For now, this pair is on my watch list and I will publish live updates in Forex Bootcamp.
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 zc.vg
Join me in Forex Bootcamp for live updates using the link below.
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Price action signalling the bears1. Support level broken
2. Tested as resistance
3. This is also previous resistance area
4. Bearish engulfing bar completed
5. Supported by 8 simple moving average
See the signal on the weekly time frame as well
Shorts are favored with this strategy and stops are best placed above the engulfing bar with targets at least 2x sl value
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 zc.vg
Join me in Forex Bootcamp for live updates using the link below.
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Fibonacci at workAfter 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 is to be confirmed and the reward must be at least 2x the risk - stops are best placed where the setup is invalidated (few pips below engulfing bar)
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 zc.vg
Join me in Forex Bootcamp for live updates using the link below.
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Sell signal from price actionThe 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 a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg
Join me in Forex Bootcamp for live updates using the link below.
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Gold breaking downRising wedge pattern breakout
Support (also fibo level) tested as resistance
Inside bar sell signal
Selling at market price with
# SL @ 1514.358 and
# TP @ 1429.477
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 zc.vg
Join me in Forex Bootcamp for live updates using the link below.
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Sell signal completedSupport 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 learn price action trading at no cost. Join my mailing list to receive more information zc.vg
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Happy trading :)
Major support# False breakout @ support
# Yesterday's candle pinned support
# The last candle on H4 also pinned support
Buying at market price 136.336 with
#SL below support @ 135.048 and
# TP just below the 141 mark @ 140.847
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
Major resistance prevails# Resistance was respected
# Bearish engulfing pattern completed
# RSI recovering from oversold conditions
Shorting at market price 1.62732 with
# SL above bearish engulfing @ 1.64194 and
# TP lower down @ 1.57542
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
The perfect entry# Resistance broken
# Tested as support
# Buy signal completed (bullish engulfing)
I am entering at market price 1.72024 with
# SL below the engulfing pattern @ 1.71535 and
# TP higher up around resistance @ 1.74815
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Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose.
Support broken and tested as resistanceEURNZD H4
Selling @ market price 1.70091
SL @ 1.70720
TP @ 1.68252 provisionally
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Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose!
Retested resistance and sell signal printedAUDUSD H4
Selling @ market price 0.69715
SL @ 0.70328
TP @ 0.68368
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Always exercise good risk management. Don't bet the farm and don't invest what you can't afford to lose!
Short opportunityThe up channel support has been broken indicating a change in market structure.
# Since then price has broken the 1.61326 support and
# Tested as resistance
# Bearish engulfing candle pattern formed (sell signal)
Entered at market price 1.61054 with
# SL above the engulfing at 1.61532 and
# TP lower down around support @ 1.59530
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Sell setup emergingThanks for watching this video.
This is an emerging setup, once it becomes a valid trade setup it will be published in Forex Bootcamp that you can access using the Telegram link in the link area below.
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GBPJPY Trade IdeaPrice is currently in a bearish trend so I am only looking to sell
# Trend is bearish
# Resistance level met with a pin bar
# 21 SMA pinned by pin bar
# Pin par is the signal candle
Shorting at market price 139.144 with
# SL above the resistance @ 139.965 and
# TP lower down at 137.443 (SL x 2)
As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose.
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USDJPY Trade Idea# Support broken
# Tested as resistance
# Sell signal printed
Selling at market price @ 109.668 with
# SL @ 109.890 and
# TP @ 109.099
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As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
XAUUSD Trade Idea# Price is currently trading in a down channel
# Channel resistance was met as well as the resistance level and pivot at 1286.50
# The previous candle printed a doji that pinned the 21MA (sell signal)
# Targeting support at 1270
Entered short @ market price 1283.05
# SL @ 1290.14
# TP @ 1270 provisionally
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EURUSD Trade Idea1. Price is trending up
2. 21 MA pinned
3. Support of 1.13 pinned by hammer
Buying @ market price 1.13088
SL @ 1.12890 below the pin bar
TP @ 1.14123 at resistance
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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NZDUSD Trade IdeaPrice has bounced off the major support level and moved up a but, then broke the previous high now being tested as support.
I am buying at market price 0.67721 and have my stop below the marked level
SL a@ 0.67500 below the minor support and
TP higher up around the previous high at 0.68290
**Check on the Daily time frame to see higher lows formed - this is a sign of a bullish market
Anything below 0.67570 could indicate bearish power in the market.
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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USDJPY Trade IdeaPrice is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal.
Conservative traders will wait for confirmation (bearish candle)
Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so
I am in short @ market price 111.952 and
SL above the high @ 112.227 and
TP at support lower down (and the next if the market keeps paying) @ 111.346
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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