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Priceactionstrategy

PRICE ACTION TRADING | INVERTED HEAD & SHOULDERS PATTERN 🔰 Hey traders, Inverted head and shoulders pattern is a classic reversal pattern. It signifies the weakness of buyers in a bearish trend and a bullish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder), then the market goes lower setting a new low but instead of setting a new lower high, the price returns back to the level of a previous lower high setting an equal high (head). After that bears start pushing again but with an amplifying bullish pressure, the market sets a higher low and returns back to equal highs setting a new one (right shoulder). 🔔Equal highs form a horizontal structure called a neckline. Once the pattern is formed it is still not a trend reversal predictor though. The trigger that is applied to confirm a trend reversal is a bullish breakout of a neckline of the pattern. 📈Then a long position can be opened. For conservative trading, a retest entry is suggested. Safest stop is lying at least below the right shoulder. However, in case the heights of the right shoulder and head are almost equal it is highly recommendable to set a stop loss below the head level. 🎯For targets look for the closest strong structure resistances. What pattern do you want to learn in the next post? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
7
CRUDE OIL (WTI) Important Structure to Watch 🛢 Hey traders, Crude oil is very close to a major rising trend line on a daily. From that we will look for buying opportunities. To buy with a confirmation watch a bullish flag pattern on 4H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Local targets will be: 108.0 / 114.3 If the price breaks a trend line to the downside, the setup will be invalid and then the market may drop lower. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
5
How to Stay One Step Ahead of the MarketHey Guys! As traders, we always want the sense of being one step ahead of the market. In other words, what's happening with current price should not be of consequence to your trading. It's just another bit of information that's added into your analysis of what will happen next. Now the polar opposite of this situation is chasing the market. Where a trader is reacting to what price is doing currently. After years of trading, one thing I can state with confidence, is that if you're chasing the market and reacting to current price, you won't make it in trading in the long-term. I mean, you may get lucky from time to time, but ultimately you're luck will run out. So the question becomes how does a trader stay one step ahead of the market? At the basic level, if a trader can stop focusing on price "direction", and instead begin focusing how price travels from point A to B, they have a shot at being one step ahead of the market. Let me explain. As you guys know, on the Eur/Jpy pair during the month of February 2022, I was consistently taking short trades as price pulled back to the 132.80 levels. Now this is even if price at the moment of entry was moving up. ( I wasn't focusing on price direction) Instead, I was focusing on "how" price moved from point A(on the chart) to point B.(on the chart) Initially, there was 1 minute strong long strength sparking the explosive move up however, there was even stronger 1h strong short strength confirmed on the lower time frames in the beginning of the 1st range. At this point I was already viewing this pair to be short biased,(I was one step ahead of the market) and even if price continued up, as long as there was no confirmation of further long strength I will continue entering short positions. I was able to confidently take multiple short entries because "how" price was moving from point A to point B was not indicative of a long market. Or like I always say, " The lower time frame's price action wasn't complimenting the higher time frames move up." Then finally, there was further 5 minute confirmation of strong short strength and price began its descent. However, if a trader at this point was basing their trades on "current price direction", they're likely to take long positions on this pullback for a possible next move up. A devasting outcome as you can see. So if you always find yourself on the wrong side of the market, firstly, stop putting value onto current price direction. It is just a result of previous price action. Begin asking yourself, "What is the context of the current price direction". Or even better, learn how to read price to know how price traveled from point A to point B and begin staying one step ahead market. For if you a can do this, perhaps you will have a shot at staying in this game for the long haul. I'm sure you guys have questions! Don't hesitate to ask! I'll gladly help! Have a great day guys! Ken
Education
by TradingForexPriceAction
6
GBPCAD: Key Weekly Structure Ahead 🇬🇧🇨🇦 Hey traders, GBPCAD is very close to 2 years' low. With a high probability, we will see a pullback from that structure. To catch it with a confirmation watch a falling parallel channel on 4H time frame. Let the price reach the underlined potential reversal zone first and then wait for a 4H candle close above its resistance. Then a bullish continuation will be expected to 1.6775 / 1.6915 In case of a bearish breakout of the underlined weekly structure, the market will drop lower most likely. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
15
GBPNZD: Classic Trend-Following Setup Explained 🇬🇧🇳🇿 Hey traders, From the beginning of February, GBPNZD is trading in a bearish trend on a daily The pair recently broke a strong horizontal key level, now we see its retest. On a 4H time frame, the price formed a double top formation. 1.924 - 1.926 is its neckline. We need a 4H candle close below the neckline to confirm a coming bearish move. Initial target will be 1.906 If the price sets a new higher high on 4H the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
11
Learn Trend Analysis | Impulse & Retracement Legs 📈 Hey traders, As you asked me, in this educational post we will discuss some price action basics. No matter whether you are a fundamental trader or a technical trader you should be able to execute trend analysis. You should always know where the market is going; if it is bullish or bearish. One of the simplest ways to execute trend analysis is to perceive a price chart as a sequence of impulses and retracements. ➖The impulse leg is a trend-following move. It is characterized by heightened movement dynamics and speed. Usually the completion point of the impulse: sets a new lower low in a bearish trend, sets a new higher high in a bullish trend. ➖A retracement leg is a correctional movement within the trend. Its’ initial point is the completion point of the impulse or retracement leg and its completion point might be an initial point of a new retracement leg or of a new impulse leg. Usually, a retracement leg is characterized by a slow zig-zag movement. Usually the completion point of the impulse leg: sets a lower high in a bearish trend, sets a higher low in a bullish trend. Perceiving the price chart as the set of impulses, one can easily and objectively identify a global, mid-term and short-term market trend, price action trend-following, reversal and correctional patterns. What do you want to learn in the next educational articles? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
9
EURUSD: Classic Trend-Following Trading Setup 🇪🇺🇺🇸 Hey traders, As you know I am very bearish biased on EURUSD. I was patiently waiting for a retest of a recently broken key structure. Yesterday the price finally approached that. On hourly time frame, the pair formed a double top formation and then broke its neckline. Now I have my sell limit order on a retest. Bearish trend continuation is expected. Local goals: 1.0945 1.086 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
5
EURGBP USING A SIMPLE PRICE ACTION TECHNIQUEby Constantino Principles of Professional Speculation" written by Victor Sperandeo (Trader Vic ), analyses one of the powerful topBottom reversal techniques. Trader Vic describes this technique, "In an uptrend, if prices penetrate the previous high, but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. " The converse is true for a down trend. This pattern is also called "spring." The 2B setup looks like a micro "M" pattern and signals trend reversal when prices stop making higher-highs in an uptrend. The 2B pattern rule is when prices make a new high or new low; they pull back for a healthy retracement. After retracement, the price tries to re-test the new high or new low. When this test of new high or new low fails, and it does not maintain the prices above the new high or low, it signals a potential trend reversal. This setup is very powerful and signals the beginning of a correction. Trade: The market attempts to test a recent new high or low, but does not hold the prices above this range. Trades are entered to sell the low of the bar trying to breakout or buy the high of the bar trying to breakdown. Target: The target is usually the "swing low" prior to the new high for 2B Buy setup or "swing high" prior to the new low for 2B Sell setup. Stop: Protect your "long" trade entry by placing a "stop" below the recent low and protect the "short" trade entry by placing a "stop" above the recent high.
Long
by TradeChartPatternsLikeThePros
1
AUDUSD: Potential Pullback Trade Explained 🇦🇺🇺🇸 AUDUSD is approaching a strong structure resistance. On that the price formed a double top formation. To catch a pullback you should wait for a bearish breakout of its neckline. You need an hourly candle close below 0.723 - 0.725 area. Then shorting on a retest your goals will be 0.7185 / 0.7145 If the price sets a new high, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
31
GBPNZD SHORTBy looking at the price action, its easy to see that the pair has been moving in a bullish direction for several days, since early November 2021 to be exact. Current price action shows an indication of potential market exhaust which could result in a bearish short term correction. Looking at the daily chart we see 3 potential confluences/reasons which is in line with our directional basis on the pair. A Double Top pattern formation, followed by a trendline breakout and key level breakout which signals a change in market structure from bullish to bearish. We will be looking to enter on the rest of this key level and expect price to spike up sharply before a continuing to the downside. Risk Reward of this particular trade currently stands at 8.76:1.
Short
by NDOBObanks
How to trade Bullish Momentum Here's a tutorial on how to trade bullish channel using price action. So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish channel. As soon as price breaks out the channel resistance with a strong candle we'll entry in trade by keeping the stop loss as recent swing low and channel high as our take profit.
BINANCE:BTCUSD.PEducation
by tredstock
2