The One: Price Action and Reaction

hai eagle star

just now completed reading 47 pages...before this i read so many articles and so many postings but this is the best i ever read...nic eway of teaching..greatwork

now i follow and post charts and my ideas over here

Market recap for the week
EUR
Price bounced hard off of lower median line, went all the way to blue median line and reversed to the pip. Look for further drop to the downside next week.
JPY
Bank news came out sending USD much higher against the Yen. price broke downward median line and used as support as shown on the arrows.
AUD
From observation on Monday we had a move up 160 pips. Hit 50% fib retrace and went to 127.2 extension and top of fork.
GBP
Price hit the bottom of the downfork and retraced a bit along gold fork. you had an opportunity to long on retest of lower gold fork to middle median line, where price reversed exactly
CHF
Price continued to push higher off of sliding parallel and support near 1.10110 :nerd: look for more move higher next week off of test of median line as support
CAD
I redrew the largest fork to show where we are here on the CAD price topped out near 3d high sliding parallel, and is falling now and is currently at sliding parallel. It may hold here as support for retrace a bit higher.

Thank you for joining vijaykk. This work is a bit advanced reading of price action and diagonal supposrt and resistance, so not veryone is on the same level, but I hope that others here will join in the conversation and follow along. Glad to see you here.

As Eagle have mention.. Eur USD came down to the LML to the pip.. Actually to the Schiff one even better. I went long on the demo account with a tight stop, ]but i am waiting a clearer entry for my live account.

[attach]1843785[/attach

USDJPY update

H4 reaction line at BRN look at green "3d fib level " (1.382) perfect touch

nice to see a few new traders here posting

EURGBP

monthly



H4

price is sitting on BRN looking for next fib and point of decision



trade well
HPT

USDCAD update

D1



H4

USDJPY

Weekly overview



D1 new channel has formed



H4 clearly visible



trade well

Chart updates and templates

A couple of charts - AUDUSD 15min. Looking to buy a retest of the LMLH of the upsloping ML set. I'm not sure about the stop location on this - beneath the congestion zone would be better I think. Also I just looked at the charts ES posted and his 4hr AUD chart doesn't make my trade idea look very appealing - but I'm trading a 15 minute chart not a 4hr
USDCHF 4hr - still watching to see if price will start lower from here - like the centre line on the AR set - but yes ES I did read the article you suggested i read - I'm just watching and waiting.

A bit after the fact, but still good entry for 2:1 Risk/Reward trade on AUDJPY.

EURAUD

H1

price touched reaction line at resistance area, after that break yellow trendline around BRN

And on EJ

Market Analysis Video

You guys are posting some really excellent charts. Please keep up the good work.

Great video Eagle! Good analysis.

Whats the trend on Silver?

Poll saved

Short EURUSD (15minute chart) - entry off AR set - possibly better entries overnight but I wasn't there to take them. Target at prior lows rather than at centre line. Lets see what we get.

Thanks