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Candlestick Rejection Strategy! What it is? Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation. By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices are at rest during retracements before rejoining back the existing dominant trend. How to use? Some trade recommendation for such candlestick rejection strategy is to use it as a candlestick rejection pattern on counter-trend moves. This means that we pick candlestick rejection pattern only for the sake of searching for breakout continuation with the dominant trend at counter trend waves.Entry can be made after the breakout occurs at the high or low of The Mother Bar and stop loss order can be placed at the opposing breakout side's high or low. Further trade help can also be incorporated to help increase the trade's probability of success. For instance, it can be used together with other technical tools such as dynamic moving averages and Fibonacci retracement tool. Some may even want to consolidate other trading strategies to further increase trade’s probability of success. Thank you for reading, we hope you enjoyed our educational effort!
OANDA:XAUUSDEducation
by UnitedSignals
5
XAUUSD INVALIDATED ITS BULLISH VIEW? BELOW 1670 TARGET 1637Looking Back at Mar 22, 2021, We talked about XAUUSD in consolidation level. Since that time, XAUUSD has tested its historical time and failed. Then reversed in deep correction. As I said at previous idea Mar 22, 2021, "Break and hold above 1925 would resume medium term bullish view to test 1990 and all time high 2075 level. Break below 1660 would invalidate its bullish view." Now, XAUUSD break below 1670 and 1660, invalidated its bullish view. If XAUUSD Hold Below 1670 then its Bearish Continue To Target : 1637, 1534, and 1200. Resistance at 1740.
SAXO:XAUUSDShort
by Wahyu_Luck
BTCUSDT - BuyHello traders! Today I would like to share with you the long-term analysis of BTC that I am preparing for and also now you will know the reason why I am still bearish on lower TFs (W, D). Still until we reach some of the highlighted zones on BTC, I'd prefer to look for medium-term selling opportunities. IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Long
by TraderDominik
Daily analysis and trade setups on NASDAQ 20220809Happy Tuesday, Macro : US Nonfarm Productivity, Unit Labor Costs NDX is making rounds in the zone waiting for either leak of CPI today and/or official CPI tomorrow NQ_F's line in the sand today is 13260. Bulls want to go above 13380 and bears want to push it below 13k handle. Buy Break: 13225, 13350, 13435 Reversal: 13090, 13000, 12930, 12860 Sell Break: 13115, 13020, 12950 Reversal: 13240, 13375, 13450, 13535, 13610 Green Goblin levels are here >>> Fibonacci confluence levels are here >>>
OANDA:NAS100USD
by TradingIndian
The PIK Trading Strategy & Key Lessons for Day Traders!Hey Traders! Happy Sunday! In this video, which ends a little earlier as I didn't know videos have a limit, we go over a few key points, starting from the PIK trading strategy which you guys will hear about much more over the next few days, mindset, motivation and guidance is covered too! When it comes to the PIK trading strategy, we go over the indicators that are used, price action and key levels! The video isn't our best one, but it does have plenty of value and we hope you enjoy it! Thanks and all the best!
OANDA:DE30EUREducation
by PrimedGroup