Forex Price Action

Ah I see, that makes sense, thank you. If it does close above the FTA, surely it is too close to the next resistance level to make it a worthwhile trade?

Thats y its harder for new people to trade Range market as it is abit more difficult and need to be managed closely. Trade with trend with significant PA is much more easier and recommended.

However lets say if it does close above, the next trouble area would be the one marked red. However i think it is not as significant as the one marked black therefore i will be trading that. Hope its clear for ya :slight_smile:


Hallo Will,
You have some very good levels marked on your chart. Longs are pretty much the way to go here.
Although you must know that for a pin to be valid it has to open & close within the previous candle’s body, so far this one isn’t doing that but we’ll see. Another thing is that since we play from swing areas price has to make a pullback in this case it’s kinda’ walking along support. Of course to be sure I think this level might hold & price might shoot higher but these are some of the rules were following with this method.
I hope I’m making sense.

Doesn’t get any better than peeps cleaning up! :slight_smile:

Whatever way it would have gone (probable outcome), this was a super example of counter-trend PA.

Cheers!


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I see you changed your chart colour hahahha

Hey FTC!

That was a nice level to look for PA on the H4 ( BRN 1.1500 ).

Hopefully you waited for the candle to close [ in which case you would have been spared a losing trade (entry above BUEB high) ].

I’m personally waiting for long PA on D1 at the KHL around 50Fib retrace.

Cheers!



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Another A+ CT AUD setup! Formed a BEEB on the D1 was well.

Kul trading mate!


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I stayed away from this one as that big bueb was countered with a bigger beeb.

Currently involved in the cadchf. A pb on th 4h and set my pending below it. Has been triggered but price isn’t play nice yet. We shall see.

It’s with the trend and pb formed at a khl.


the purple line is a d1 KHL (not one i just threw up to validate my trade)

note: PB could of been bigger

Darth

Damn didn’t have this chart added. I’m quite new to the sgd pairs… Had to Google what it stood for the other day lol. Kudos though. I would of been all over it.

Darth

Hi chisha,
That makes complete sense, so it would be more sensible to let the price fall to a significant resistance level before going long. I did not know that requirement for a pin, lesson learned!

Hi Will,

The pinbar: Pin Bar

The engulfing bar: Bullish and Bearish Engulfing Bars Introduction

The two-bar reversal: 2 Bar Reversal Price Action Trading Guide

Cheers

Hehe :slight_smile: Couldn’t say no to the kul colours!

I adopted them too :smiley:

GBP/jpy Daily market structure.


I see a ranging market. See how price smoothly bounced at the support level. By the looks of it the resistance has quite some choppiness.
However if you got a decent level and Pa signal than by all means take it.(at this stage I am not convinced to take any Long trade on the sterling pairs).

Cheers

add to that that we have inside bars for the last 4 days following the BEEB, looks like it is going to be an explosive move. I am just not happy with the RR :S

I’m sorry Will I lost you there, maybe I didn’t explain myself clearly. When you say let the price fall to a significant level before going long-This is in fact what we do on all setups, we wait for price to come to a level we deem significant & make plays from there because this ensures that were only entering at strong levels. In this case you were looking to go long at that level because you considered it a key level. I hope you read the links Dudest put up for ya.

Hey guys,
There’s a pin on AUDCAD 6HR. We can see that this market has been trending upward and has now made a pullback to a support area that had price stalling back in May. I think this might be a good entry level to go long with the trend and I’d put my TP level at the most recent upswing. Thoughts?


Nice level and all but I prefer the pin to be larger. Good luck though!

I’m not playing it though. I’m travelling this week so I’m not making any trades. You’re right about the pin being too small, I was thinking about those preceding black bars they look pretty commanding in comparison to the pin. Not a very convincing setup but I do like that the market has been going up strongly.

Exactly mate