Pricey_Action

Pricey_Action

The market ke in the sideways trend or secure range. The price travels between two strong support and resistance line. Now, in the daily chart, we found engulfing pattern, and the price rise until the middle of the range. So the price will continue the movement until fake breakout.

Pricey_Action

The price is respecting its trend line. There is deceleration of the price due to the big demand on the left. The price need more power to continue its down trend by taking the fuel in the trend line. The institution traders need liquidity so the price will break the trend line to eat stop loss of retails. You can get into the market by waiting confirmation with...

Pricey_Action

USDJPY shows trendline clear enough, so, I set my limit sell abow the trendline. The stop loss I set is tight enough, you can widen it if you want. Or you can wait until the price give confirmation by showing pin bar or engulfing candles.

Pricey_Action Updated 

Here I will wait climax bar, it is a big candlestick in the last of strong impulse after consolidation in lower time frame. Yes, the price showed consolidation in lower time frame. In the TF 240, the candle form inside bar. The price will go down for the last to break the support for fakeout. Why the price will do this, because the Institution traders need liquid...