Clean price action shows a probable short term play to the downside.
Price action for NZDCAD is showing a very clear sign that price may be coming down. Higher Time Frames show price is in an ascending structure, and we have broke out of this bigger structure in a smaller ascending 1-2-3 structure. If you pay attention to the smaller time frames you could clearly see price is reaching this smaller structure's third touch in a...
Clean Third touch on Ascending Reversal Structure. Impulsive Break + Continuation. High Probability Setup looking for the bottom of the structure.
My biggest trade of my trading career up to date. Take a look at the Daily, you can clearly see price nearing a very important area of value at a tripe top. If you take a look at the 4HR you can see price broke out of a bullish ascending channel below this area of value. Following this break price went on a bullish run to break the important are of value. Looking...
Price is nearing this area of value very correctively in an ascending channel. This high probability setup is looking to happen later this week or early next week. Follow for more Price action setups ! :)
Personally, I have back-tested 4-5 different setups very similar to this middle section breakout into a third touch or Fake breakout. Look for any entries according to what price gives you. Potential continuation flags to the downside may occur. Trade accordingly.
Price is nearing this important area of value in a corrective reversal structure. Pay attention to how we react to this area of value. Look for clear confirmation signs for a reversal to the downside. Trade Accordingly. Follow for more Price Action Trade Ideas :)
As a result of the big volatile day of 11/8/20, price has made a huge bull run to the top of this pairs structure. Personally I am looking for any continuation signs to look for more upside to the bigger double touch we will look for if price breaks this structure.
The clean price action this pair is showing nearing a bigger structure 3rd touch is very clean. The way we are reaching this area of value is very consolidated inside of a smaller time frame ascending structure. Trading accordingly to how price plays out.
Potential short opportunity going into next week.
Previously I had made an analysis of this pair looking for shorts near a three touch structure. However that structure has now been broken and has now made a new reversal ascending channel. It is important to not that when you have a structure where the top and bottom trend-lines are not parallel, if there was to be a break to the upside, based off my own...
This pair is nearing a third touch and it will be very interesting on how we get there and how we react to it. If price slows down we can see bearish momentum pickup after a rejection and a continuation flag on the smaller time frames. Beware of any fake out movements at the top of the structure as this pair could be more " Wicky " than other pairs. Follow for...
On the 1 hour time frame, you could see that price is clearly in a 3 touch ascending structure. Nearing this 3rd touch, price came impulsively, however after several rejection candles showing side for reversal followed. Also, on the smaller 15 minute time frame you could see how price broke out of a corrective reversal flag that resulted from an impulsive...
NZD/USD is showing a very good high probability setup. In this recent price action, price has broke out of a 3 touch structure in an ascending channel. After breaking out impulsively, we are now inside of a continuation flag. A break of this flag will confirm a clean Short Entry . Follow for more Price Action Setups :)
NZDUSD Is looking to fall this week following this recent price action. Price action is showing us price breaking out of a 3 touch structure, but what is important is how we broke out. This is important because price has broke out in the formation of an ascending channel. This current ascending channel it is currently in is crucial because it could be a prime...
Clean 3 touch structure. Reaching the third touch, price has consolidated and has broke its trend-line, confirming bearish pressure and further movement. Look for any more continuation flags to catch a bigger move down.
EurAud has made some clean price action in this recent week. With lots of short opportunities in clear view we can look for opportunities near these areas of value . Price action works at its best, when its in key areas of value. We can look for fake outs as well as clear rejection signs near these pockets of value. Follow for more :)
This pair is at a very important area of value. Price has reached this area of value very impulsively, however we can still get confirmation for price to fall and continue downwards. This area of value is also at a double top area, so I would not be surprised if we get a fake breakout as well. No confirmation of a Bearish Bias = No entry.