Less Trades, More Precision – A Clean Price Action Forex Approach

GBPAUD – High-Probability Setup Loading
Price is now sitting at a key resistance zone around 1.93
after a sharp corrective move.
This is where things get interesting
Not every touch is a trade…
But when rejection comes — it usually moves FAST.
Plan:
Wait for confirmation → then target the downside
No rejection = no trade
Patience = precision
The best trades don’t chase —
they let the market come to them.

BE = Break Even
It means moving your Stop Loss to your entry price.
Result:
No more risk on the trade —
either you exit at 0 or stay in profit.
At this point, you're trading the market’s money, not your own.

USDCAD – VCP Setup Near Breakout
Clean contraction structure forming just below resistance.
Price is tightening with multiple higher lows and decreasing volatility — classic VCP behavior.
Key Level: 1.3870
Entry: Above 1.3880
Targets: 1.3970 / 1.4060
SL: 1.3790
Watching for a clean breakout with momentum — no follow-through = no trade.

So far- looking good

Week 1 – Learning Price Action
This week wasn’t about making money.
It was about understanding the game.
I learned:

1. How to identify key support & resistance levels
2. Why reaction matters more than prediction
3. And most importantly…

I realized I wasn’t patient enough.
I was entering too early.
Too aggressive. Too fast.
Next week, the focus is clear:
Wait for confirmation
Trade only clean setups
Build discipline over everything
Because in trading:
The best setups are obvious.
If you’re unsure — it’s not your trade.
Let’s get better.

It's a highly discretionary system tied to the individual's interpretation of the chart. What you see, others can't help but see or see differently, and it doesn't eliminate the anxiety associated with chart interpretation.

Most traders struggle with discretion… I get it.
But here’s the truth:
Discretion is only a problem when you don’t have a clear way to read the chart.
What I share is not random interpretation —
it’s a structured way to see the market.
When you understand how to:

1. Identify real decision points
2. Read reactions at support and resistance
3. Wait for confirmation instead of guessing

…your confidence changes completely.
You stop reacting emotionally
and start reading what the market is actually doing.
Mechanical systems might feel “safe”,
but they are often late and disconnected from real price behavior.
Price Action, when done correctly, is not chaos —
it’s clarity.
Different traders may see different things,
but trained eyes start to align.
That’s exactly what I’m showing here.
If you want to learn how to read the chart with confidence
instead of depending on lagging systems —
Follow along.

Exactly, that was a good point indeed

Please regarding to reverse or retest on the level strategy, is okay to enter trade if a trend have been retested on a lower time frame but has comeback to retest on the weekly/ monthly timeframe?

Sunday market open is not for trading.
It’s low liquidity, messy price action, and full of fake moves.
Most breakouts fail. Most entries get trapped.
Smart traders do one thing:
They wait.
Let the market settle.
Let structure form.
Then act with confirmation.
If it doesn’t hold — it’s not a breakout.
Patience at the start of the week
= profits later.

USDJPY – Clean Price Action Breakdown (No Indicators)
Here’s the situation right now:
The market is in a clear bullish structure across timeframes.
On the Daily – we’ve transitioned into higher highs and higher lows.
On H4 and H1 – strong continuation with aggressive momentum.
Price is now testing a major psychological and historical level:
→ 160.00
This is NOT just another level.
This is where decisions are made.
What we are seeing:
• Strong bullish momentum
• No meaningful rejection yet
• Price pushing into resistance
• Potential breakout in progress
BUT — and this is critical:
No confirmed breakout yet until we get a proper close above the level.
How to trade this (Price Action only):

1. Breakout scenario (aggressive)
   Enter only after a clear close above 160.20
   Target continuation toward 161.20 and 162.00+
2. Retest scenario (preferred)
   Wait for price to break → pull back to 160
   Look for rejection
   This is the high-probability entry

What NOT to do:
• Don’t enter inside the level
• Don’t trade the Sunday open (low liquidity)
• Don’t chase momentum blindly
Key insight:
Most traders lose here — not because they’re wrong,
but because they enter too early.
Timing matters:
The best window for JPY pairs is during the Tokyo session.
That’s where real moves happen.
Invalidation:
If price fails and closes back below 160 → breakout is likely fake.
Bottom line:
Bias = Bullish
Location = Resistance
Action = Wait for confirmation
No confirmation = No trade
Trade clean. Stay patient.

GBPUSD is about to trap a lot of traders.
Price is sitting right on support.
→ 1.3300
And this is exactly where most people get it wrong.
They see price dropping…
They feel the pressure…
And they jump in early.
Big mistake.
What’s actually happening:
• Lower highs forming
• Buyers getting weaker
• Sellers stepping in sooner
• Compression building above support
This is not a sell yet.
This is a setup.
Two types of traders here:

1. The impatient one
   → Sells into support
   → Gets trapped when price bounces
2. The disciplined one
   → Waits for the break
   → Takes the real move

The only trade that makes sense:
→ Breakdown below 1.3300
→ Clean close
→ Preferably a retest
That’s it.
No guessing. No anticipation.
If it breaks, the path is clear:
→ 1.3250
→ 1.3200
If it doesn’t break?
There is NO trade.
Read that again.
Most losses don’t come from bad analysis.
They come from entering too early.
Discipline is not about knowing where price goes.
It’s about waiting until the market proves it.
No break = no trade.
Simple.
Trade like a professional.

Most traders will lose on GBPUSD…
and completely miss USDJPY.
Same market.
Same day.
Two totally different opportunities.
Let’s be clear:
This is not about direction.
It’s about context.
USDJPY
The market is strong.
• Higher highs + higher lows
• Clean bullish structure
• Momentum pushing into 160
• Breakout conditions building
This is what strength looks like.
You don’t guess here.
You wait for the break → and go with it.
GBPUSD
This is where traders get trapped.
• Daily = messy range
• Lower highs on lower timeframes
• Price sitting on support (1.3300)
• Compression building
Looks bearish… right?
Wrong.
Not yet.
This is where amateurs sell too early.
The trap:
They see GBPUSD dropping → they sell into support
They see USDJPY running → they think “too late”
Result?
• GBPUSD bounces → they get stopped
• USDJPY breaks → they miss the move
The professional mindset:
You don’t trade opinions.
You trade confirmation.
Execution:
USDJPY
→ Breakout / retest
→ Momentum trade
GBPUSD
→ ONLY if support breaks
→ No break = no trade
Priority:
If both trigger?
→ USDJPY first. Every time.
Cleaner. Stronger. Simpler.
Read this carefully:
Not all setups deserve your money.
One chart is ready.
One chart is not.
Your job is to know the difference.
Trade less.
Trade better.

EURJPY – This is what a high-quality setup looks like.
Not hype.
Not guessing.
Just clean price action.
Start with the context:
On the Daily → clear uptrend
• Higher highs
• Higher lows
• Strong continuation structure
This is not a random market.
This is strength.
Now zoom in:
Price is not running blindly.
It’s doing something very specific:
→ Pausing just below resistance
Around:
→ 184.50
And here’s where it gets interesting:
• Higher lows are forming
• Sellers are getting weaker
• Price keeps pressing into the level
• No strong rejection
This is not resistance holding.
This is pressure building.
This is called compression.
And it matters.
Because when price compresses under resistance,
it usually means one thing:
→ Breakout is coming
But here’s the key:
This is NOT a buy yet.
The edge is not in predicting.
The edge is in waiting for confirmation.
The only valid play:
→ Clean break and close above 184.50
→ Ideally followed by a retest
That’s your trigger.
Why this setup stands out:
• Trend alignment (Daily + intraday)
• Clear level
• Clean structure
• Pressure in one direction
• Low noise
Everything you want is here.
What most traders will do:
• Buy too early
• Enter inside resistance
• Get shaken out
What professionals do:
They wait.
Because the best trades feel obvious
only AFTER confirmation.
Bottom line:
EURJPY is not random right now.
It’s building a move.
Your job is simple:
Wait for the break.
Then act.
No confirmation = no trade.
That’s the game.

What a proper trade actually looks like (and why most people lose)
Everyone wants to buy the bottom and sell the top.
In reality — that’s exactly how you lose.
Look at this setup
The market is in a clear downtrend:
Lower Highs + Lower Lows
So what do you do?
You don’t guess the bottom.
You don’t chase candles.
You wait.
Price drops → makes a small pullback → stalls
That’s where you enter.
EP: 128.980
SL: 129.340
TP: 127.850
That’s it.
No indicators
No guessing
No drama
Just:
Market structure
Patience
Precision entry
And most important — a risk/reward of ~1:3
Now understand this:
Even if you’re right only 40% of the time
You’re still profitable.
The real problem?
Most traders enter too early or too late.
Good trading is not about predicting
It’s about waiting for the market to come to you.

EURJPY – Not every gap is meant to be filled. Some are meant to lead the move.
The week opened with a gap up — and most traders immediately think:
“it has to be filled.”
But if you understand Price Action, you see something completely different
Big Picture (Daily):
Clear uptrend
Higher highs + higher lows
Price is consolidating just below resistance
That’s not weakness — that’s compression
What the gap actually means:

1. Came after consolidation
2. Not at the end of a move
3. No strong rejection

This is not exhaustion
This is continuation
Meaning:
Smart money is already positioned
Key levels:

1. Resistance: 184.50
2. Support: 183.80

Right now price is in the middle — and that’s exactly where you do nothing
The real game:
High-probability scenario:
Pullback to 183.80 + confirmation
Long entry
Target: 184.50 → breakout
Break above 184.50:
Continuation
185.50+
What most traders do:
Buy in the middle
Short into resistance
Guess
And then wonder why they’re on the wrong side
The correct read:

1. Trend: bullish
2. Gap: support until proven otherwise
3. Structure: clean

Only one bias: LONG
Bottom line:
This is not a guessing trade.
This is a patience trade.
Wait for the level → get the edge
Chase the price → pay for it
If you want to level up your trading:
Stop chasing price.
Start letting price come to you.

Gap up?

@meirk don't you think GBPNZD bias has changed to downward?

Retesting the breakout resistance

Yes — there was a gap up on EURJPY, but it opened directly into resistance (184.50 area).
That’s important.
A gap into resistance is not automatically bullish — it’s a test of supply.
If price holds above and builds structure → real breakout
If it fails and drops back inside → likely a liquidity grab
Bottom line:
The gap itself isn’t the signal — how price reacts to the level is.

It’s actually a gap down — the market opened below the previous close. What matters now is how price reacts, not the gap direction itself.”

So if it was a gap up the gap was resistance to support your long. But now you realise it was a gap down but it doesnt affect your long theory?