Forex Price Action - Page 2123
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  1. #21221
    Join Date
    Mar 2011

    Default EURUSD: Continues To Face Downside Pressure

    EURUSD: The pair closed lower the past week following its price extension. Support lies at the 1.0900 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside risk.

  2. #21222
    Join Date
    Sep 2015
    Hi FXTechstrategy,

    I'm learning terminology, so I wish to clarify that in the context of your analysis the term price extension means that the current candle closed lower than the previous candle, or previous two candles. Is that correct?

    Thank you.

  3. #21223
    Join Date
    Jun 2016
    Hi all,
    Please excuse me if I post in the wrong thread, but my question will be interesting for most of newbies here. My question is for traders with experience: Which patterns are most profitable? Thank you in advance.

  4. #21224
    Join Date
    Apr 2016
    What's Good everyone, I came across this thread from the hall of fame list, lot of great info in here so I wanted to add my two pips... Been working on my S/R lines and spotted this PA on my weekly run down of the charts... The pin might not be big enough, but just want to know if I'm on the right track... USD/CAD D1
    Pair has been bearish since 2/16, hit a low of 1.2500 around 5/16, slow choppy bull trend ever since. I know this is a counter trend but it's near a big round number /swing high of 1.3400. Looks like R at 1.3350 and 1.3300 my plan if I were to take this would be to look at 1.3250 to TP if I was aggressive but would probably be conservative and take profit earlier perhaps at 1.3300 or I could be totally wrong and this is not a A+ setup in which case never mind!

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  5. #21225
    Join Date
    Feb 2017
    Is this thread still active ? Will I get replies if I ask a question ? But anyways thank you for such an awesome guide Jon I am still reading all the links in the first post.

  6. #21226
    Join Date
    Jan 2017
    Hopefully it is not dying off. I am also reading the previous posts which is filled with so much information. Hope by the time I finish every page the thread will become active again.

  7. #21227
    Join Date
    Apr 2017
    Hey guys,

    I hope this thread is still active. I've been looking into forex trading, and have been working with a demo account for about 6 months now. I have a quick question for you experts: how often does an "A+ setup" occur? That is, about how many times per month, on average, can I expect to find such a setup, so that I know how much I would have to invest in each trade in order to make a living trading like this?

  8. #21228
    Join Date
    Apr 2017
    Name:  Screenshot_20170425-083925.jpg
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    Dear all,

    I hope this thread is still good. Anyway I do hope my s/r level is a-ok. Haha.

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