Obsessed with Price Action Trading, Swing Trading & Breakout Strategies
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DislikedHey Libra Yes I agree with you, my bias on the AUDUSD is to the upside. We just need to see a break of that neckline containment before any upward momentum can develop. Just sitting and waiting for a nice price action signal. A bullish breakout trap occurred on gold this morning during the asia session. We are probably going to see prices weaken as the market corrects back the mean value. {image}Ignored
DislikedJust sitting and waiting for a nice price action signal. A bullish breakout trap occurred on gold this morning during the asia session. We are probably going to see prices weaken as the market corrects back the mean value. {image}Ignored
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A large bearish rejection candle formed on the GBPUSD when moves higher were rejected in the New York session. There is support below but its looking like this level is going to break, which could see prices fall aggressively.
The Forex GuyIgnored
QuoteDislikedHi I am the beginner of price action, this is awesome because you don't need to be a mathematician to understand the price movement, price action is really like a 24hours 7days drama. Once you are able to read the price action signal, you will able to enter a trade. It's even function better with a good money managing skill.
I am fall in love with price action and sure wanna to learn much more about it.
Thanks
Jason
Disliked{quote} That's right Jason, I only understand entry level economics and I am not one to churn through complex algebra either. Reading price action is reading the psychology of the market, and that's really what trading is mostly about, it's a giant psychological battlefield not a math puzzle. {image} Looking at the GBPJPY price action for the last candle of the week. We've got an indecision candle at the range top on the daily chart with a negative close on the body, giving the candle a nice bearish tone. If price breaks the low of the Indecision...Ignored
Disliked{quote} {image} As anticipated we did see some bearish price action as the market broke out of the Indecision Candle and moved away from the range top. The bearish response from this setup was quite strong, and today heading into London trading hours we're seeing signs of continued bearish price action. We will most likely see the market move down lower to re test the range bottom. The AUDNZD broke out of a double inside day setup last week and produced a nice move... {image} Watching the AUDNZD daily chart as price heads toward a bullish hot spot...Ignored