Forex Price Action

[in2fx33]

This is my very first babypips post, however must admit ive been reading this blog along with NIKKITAfX for quite some time. I think i have an small idea of what this method entails however I havent began practicing the method on a demo account. For two weeks I have been looking at graphs but havent been able to spot anything. Im sure others have but maybe its because I am so unsure that I stay out of the trades. Im not sure if that will help either. So I figured id ask opinions when i "think" something is stirring up. Here is one of them.


This is GBP/NZD on the D time frame. It seems that price was rejected at resistance however the bearish bar is not an engulfing bar. Would this classify as a two bar reversal from a swing high?

[in2fx33]

Here is one more. Then ill back off a bit
The first thing i thought when looking at this pair on the D time frame was "Is this an upward trend or a retracement from a bigger downward trend?". I used the weekly to help guide me and thats where i got that analysis that maybe its a retracement waiting to shoot down. However because of my lack of trading experience, i cant help to wonder. Any opinions on whether this BUEB at a support level should be ignored.

All of my trades are coming off of the Daily Time Frame (Following the suggestion of one time frame at a time)

[in2fx33]

One more thing. AUD/JPY and CAD/JPY look very similiar to the NZD/JPY in both the weekly and the daily timeframes . However when looking at the daily, it just didnt look like these two had any room to move. Any opinions on that thought?

[nctrades]

I think this is an A+ setup on gbp/usd daily chart
In daily tf There is a large spin candle at a important resistence zone.
What do you think guys??


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[filipl]

Nc, what is a spin candle?

[Pips Ahoy!]

similar setup to NZDJPY and GBPNZD is the AUDSGD

[bhops]

I'm really surprised no-one has mentioned the BEEB that occurred on the 4 Hour GBP/CAD. This happened right in the middle of my sleep time but if I was up I would definitely have taken it.

Who knows how it will turn out but these are the sort of pullbacks and large PA signals that I like to trade.

It is a good example of how when price makes it's way back to an important zone marked on the daily you can then drill down to a lower TF like the 4 hour to see if you can get into the trade.

[filipl]

I'm really surprised no-one has mentioned the BEEB that occurred on the 4 Hour GBP/CAD. This happened right in the middle of my sleep time but if I was up I would definitely have taken it.

I have taken it, but on the daily TF (I read it as 2BR), I missed it on 4H as well.

I haven't been triggered yet, as the price is going the opposite direction, but we'll see what will happen over night.

Bryce, you mentioned observing a daily chart, but spotted PA on 4H, does it often happen?
Does that mean you would manage the trade on 4H chart instead on 1D where initially intended?

Fil.

[bygjj]

I think this is an A+ setup.
In daily tf There is a large spin candle at a important resistence zone.
What do you think guys??


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Nc. which pair is this?

[brinkfx]

bhops
its a nice beeb...but price is sat right on support ..
if it breaks then maybe will be very nice trade..

anyway good luck.