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Priceactionstrategy

EURGBP: Trend-Following Trading Plan 🇪🇺🇬🇧 Update for EURGBP. We have spotted earlier a bullish breakout of a weekly resistance cluster. Now the market retests that. To buy with a confirmation, watch a bullish flag formation on 4h. We need a 4H candle close above its resistance to confirm the breakout. Then buy aggressively or on a retest. Targets will be 0.8779 / 0.881. If the price breaks a support of the flag, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
Trading Basics | How to Identify The Market Trend 📈📉 Hey traders, In this article, we will discuss a proven price action based way to identify the market trend. ❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend. Your judgement should be based on strict and objective rules that proved its accuracy. There are a lot of ways to identify the market trend. One of the simplest and efficient ones is price action based method. This method relies on impulse legs. The market never goes just straight up or down, the price action always has a zigzag shape with a set of impulses and retracements. The impulse leg is a strong directional movement, while the retracement is the correctional movement within the boundaries of the impulse. 📈The market is trading in a bullish trend if 3 conditions are met: 1️⃣the price forms an initial bullish impulse, 2️⃣retraces, setting a higher low, 3️⃣then starts growing again and sets a new high with the second bullish impulse. Once these 3 conditions are met, we consider the market to be bullish, and we expect a bullish continuation in such a manner. 📉The market is trading in a bearish trend if 3 following conditions are met: 1️⃣the price forms an initial bearish impulse, 2️⃣retraces, setting a lower high, 3️⃣then drops lower and sets a new low with the second bearish impulse. Once these 3 conditions are met, we consider the market to be bearish, and we expect a bearish trend continuation. ➖The third state of the market is called consolidation. The market is trading in a consolidation if the conditions for bullish or bearish trend are not met. The price chaotically forms bullish and bearish impulses, usually trading within the range. Knowing the current trend, one always knows whether a current trading position is trend-following or counter trend, or it is a sideways consolidation trade. Learn these simple rules and try to identify the market trend with them. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
EURCHF: Bearish Trend Continuation 🇪🇺🇨🇭 Hey traders, EURCHF is trading in a global bearish trend. Lower highs are perfectly respecting a falling trend line on a daily. Approaching that earlier this week, the price formed a double top formation. The pair broke and closed below its neckline then. I believe that the market will keep falling now. Goal - 0.957 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭 GBPCHF is coiling around a solid intraday structure resistance. The price was trading for some time within a horizontal range. Just a couple of minutes ago, the pair broke and closed below the support of the range. We see its retest now. I believe that the pair will drop. Goals: 1.13513 / 1.132 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
NZDJPY: Key Structure Ahead! Your Plan: 🇳🇿🇯🇵 NZDJPY is approaching an important zone of confluence on a daily. We see a perfect match between a horizontal structure resistance and 618 retracement of the last bearish impulse. To catch a bearish move from the underlined zone, watch a rising wedge pattern on 1H time frame. Your trigger to short will be its bearish breakout (at least an hourly candle close below its support). Then a bearish continuation will be expected to 84.2 level. Alternatively, a bullish breakout of the underlined area will push the market to higher structure levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
6
GBPUSD: What to Look at This Week 🇬🇧🇺🇸 Take a look, what I spotted on GBPUSD: the pair formed an inverted head and shoulders pattern on 12H time frame. 1.2035 - 1.209 is its neckline. If the price breaks and closes above that, I will expect a bullish move at least to 1.217 structure. However, remember that a global trend in bearish. Zooming in the same chart, we can spot a horizontal consolidation range. 1.189 - 1.194 is its support. If the price breaks and closes below that, a bearish move will be expected to 1.18 support. Wait for a breakout as your confirmation here. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
GBPUSD: Important Update! 🇬🇧🇺🇸 So we have nicely predicted a bearish movement on GBPUSD yesterday. The price formed a head and shoulder pattern then. 1.189 - 1.1935 is its neckline. To catch a further decline, I would suggest waiting for its breakout (you need a 4H candle close below to confirm the violation). Then, a bearish continuation will be expected at least to 1.178 level. However, if the price breaks a head level and sets a new high, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3