andrew-profit-trader-winner

andrew-profit-trader-winner Updated 

Observation - Price Action bounce on shortage zone @ 0.68941 Analysis - Price Action returns to descending channel but Market Sentiment @ 0.70481 will push price down again to shortage zone

andrew-profit-trader-winner Updated 

Observation: - Price Action reach the dynamic resistance of a contracting triangle - Consolidation process followed by a break up Analysis: Breaking triangle contraction, price action will either hit dynamic support (if go for short) or hit dynamic resistance (if go for long)

andrew-profit-trader-winner Updated 

Observation - Upward movement slope SIMILAR from strong uptrend on previous price action. - Downward movement slope SIMILAR from small downtrend on previous action. - Each price deflection are in the areas of Shortage and Surplus Zone. Analysis Form 2 similar triangles inside the Descending Channel for price prediction.

andrew-profit-trader-winner Updated 

Observation: 1 - Small Triangular Contraction , it starter with a strong uptrend, then a triangular contraction, price action was then ascending which pushed the price higher. 2 - Big Triangular Contraction, the continuation of the uptrend 3 - Indecision was seen at the shortage zone, meaning shortage zone is significant zone which will be again tested and...

andrew-profit-trader-winner Updated 

Observation: 1 - Strong volatility at 80.259 2 - Price action keeps on testing dynamic resistance of 1st ascending channel (Steep slope) 3 - Price action now testing dynamic support of 1st ascending channel 4 - 1st breakout of dynamic support 5 - 2nd breakout of dynamic support (last kiss) 6 - Created the 2nd ascending channel (lower slope) 7 - created shortage...

andrew-profit-trader-winner Updated 

(Stop Loss @ 0.00855) equal to Support Area, less than than means price action enters bear market. (Take Profit @ 0.00845) inside the wedge, as my trade setup is Reward Risk Ratio 3:1.

andrew-profit-trader-winner Updated 

Observation Price reach highest since last Feb 28 this year Contracting Triangle - Wider opening News Mar 21: GBP CPI YoY (FEB) Forecast 2.1%, Actual 2.3%, Previous 1.8% BUT Not enough momentum to break dynamic resistance Contracting Triangle - Narrower opening News Apr 4: pending Analysis If price action remains in this area (will not break dynamic...

andrew-profit-trader-winner

Market price action at Support/Resistance Area either 1. respect the boundary and bounce 2. So straight through with strong momentum Sign; This will respect the boundary and bounce. Be safe, put safeguards and hedge for a short stop

andrew-profit-trader-winner

Orange trend line was drawn in Monthly Timeframe Slopes came from significant market moves Opportunity to hedge; buy or sell for a quick profit. Stronger moves of the waves are in the Short but you can still profit from small waves of the Long.

andrew-profit-trader-winner

Slope copied from previous strong down stope. Open Order @ retracement created from previous market deflation Take Profit @ previous market deflation Stop loss place below the next market deflation.

andrew-profit-trader-winner

Place order place either @ 1.06783 or @ 1.06243 depending on candlestick form. Better check out if (DOJI candlestick) will appear in this points. Take Profit at Surplus Zone intersect with dynamic resistance of

andrew-profit-trader-winner Updated 

Observation: Some sellers agreed to sell USD to NZD because market has price sentiment at zone 1.4505 where previous movement tells us buyers does not want to buy USD higher than the zone of 1.4505. Some sellers also avoid weekend (Sat Sun) sudden price movements. To stay away from risk, they sold their USD. Analysis: As market opens, new buyers see that there...

andrew-profit-trader-winner Updated 

Waiting for breakout on (Triangular Contraction) Downtrend + reached market sentiment at 1.4505 (no buyers at this area/ allot of sellers in this area) + Strong Breakout (74pips) on Lower Low at 1.447 + Support level change to new resistance level + Consolidation Stage (triangular contraction) where price action moves near support level slope Short 1. If price...

andrew-profit-trader-winner

Observation: 1 - Price action reach 1.403999 shortage zone, allot of buyers bought in this zone because they think the price is cheap. 2 - Consolidation at 50% then resume to reach Surplus at 1.60836 3 - Price action test dynamic support of the contracting triangle 4 - Price action makes new dynamic resistance 5 - Price breakout at 1.4296 6 - Price continues to...

andrew-profit-trader-winner

Sign of retracement opportunity for profit due to Price Action approaching resistance zone at 1.06774 and body of the green bar getting smaller, sign of confirmation stage by bulls. Heinik Ashi signal shows that it is a strong uptrend due to all are green bars. Once red bar appear, it is a sign of a retracement, then I will Place Order: SHORT

andrew-profit-trader-winner

At 4H, Spinning top near resistance zone 1.35208 while Price Action has retrace at support zone 1.34232. If price action cannot have greater body than previous red bar, it would have a downtrend. Waiting for the price action to have enough momentum to break the support zone, then I will Place Order Position: SHORT.

andrew-profit-trader-winner

I have drawn support area and a trend line but I am still unsure where will the Price Action move. There is a Doji on top but I need to analyze more what had happen on previous 30 candlesticks to know the history of the trade. In this case, past movement shows that the bulls are in the driver seat. The bears want to take the wheel but there is a resistance zone...