Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Live Webinar Live Webinar Events 0. Economic Calendar Economic Calendar Events 0. Duration: min. P: R:. Search Clear Search results. No entries matching your query were found. Free Trading Guides. Please try again. Subscribe to Our Newsletter. Rates Live Chart Asset classes. Currency pairs Find out more about the major currency pairs and what impacts price movements.
Commodities Our guide explores the most traded commodities worldwide and how to start trading them. Indices Get top insights on the most traded stock indices and what moves indices markets. Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. P: R: Company Authors Contact. Long Short. Oil - US Crude. AUDCHF is overall bearish trading inside the brown trendlines and now approaching the lower brown trendline. Moreover, the green area 0. So the highlighted purple circle is a strong area to look for buy setups as it is the Bitcoin's biggest fall in history just happened or happening!!.
There are no buyers and everyone is a seller big ones ,not fish. Be very careful, the market is gone crazy and and Indecision in the market is changing Towards a clear bullish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a good idea to go long! Like and subscribe and comment my ideas if you enjoy them! Hello, Friends! A recent breakout signals That the bears are still strong And I am growing in confidence That a bearish selloff is coming!
If this post was useful to you, do not forget to like and comment. Like, comment and subscribe to boost your trading! See other ideas below too! The level where the price is trading right now is decent and the price will most likely retrace from that. Like, comment and subscribe to our TradingView Page.
Our analysis is based on current market fundamental sentiment. Based on our analysis the price will go higher to the next resistance level. Please, support our analysis with like and comment!
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|Forex action reaction pictures||Attaining proficiency in Wyckoff analysis requires considerable practice, but is well worth the effort. Videos only. US yields show tentative signs of bottoming after the albeit modest correction earlier this week. The Wyckoff Count Guide shows the trader how to calculate the cause built during a trading range so as to be able to project future price targets. This is evidenced by a pattern of advances SOSs on widening price spreads and increasing volume, as well as reactions LPSs on smaller spreads and diminished volumes. A wave of forex action reaction pictures easily pushes prices up; this is further fueled by short covering. Mar 25 21, GMT.|
|Forex action reaction pictures||This principle is central to Wyckoff's method of trading and investing. Activity in the services sector contracted less than expected The composite PMI jumped to In other words, as the price target projected from the stepping-stone TR approaches that of the original TR, the upward or downward trend may be ready to resume. For instance, labeling and understanding the implications of Wyckoff events and phases in trading ranges, list of financial regulations well as ascertaining when the price is ready to be marked up or down, is based largely on the correct assessment of supply and demand. Additionally, you can use the bar chart to observe the price here and volume as these points are approached. In the second reaction, price decreases by a similar amount as in Reaction 1, but on smaller spreads and lower volume, indicative of reduced supply, which in turn suggests the potential for at least a short-term rally.|
Perhaps more of you have come across Alan Andrews, who is the man behind the pitchfork. The pitchforks are based on the same technical concept that each action has an identical counter reaction. Then project the channels on top of each other. The projected channels become the reaction lines, which show future price targets. This process is reviewed on the following images, which show DAX on a 1-hour chart. As shown in the above pictures, we copy the first channel and project it further so that each arrow has the same length.
If the first channel is broken, the next channel will be the target for the price. At next break at arrow number 2 we will re-project the channel, which will then work as the next target. You can clearly see how channel number 3 is acting as resisting for the market. At the red arrow, the price breaks the third channel. That is why we are projecting the channel again.
The next channel top works as the next price targets. I use them personally often in my daytrading combined with Wolfe Waves, as illustrated in the picture below. In the picture above, more techniques are used.
In addition, a Fibonacci grid is used, as we have previously discussed in the article about Fibonacci numbers. Initial confirmation also shows a so-called Head and Shoulder Formation in the RSI Indicator, which is an indicator I personally use a lot in my daytrading.
Until then, you are welcome to ask questions or comment on the article. Your email address will not be published. Any use of information on this site is at your sole risk. You always trade at your own risk. Daytrading and CFDs are high-risk investments and are not suitable for all investors and you should ensure that you understand the risks involved and, if necessary, seek independent financial advice to ensure that these products meet your investment goals.
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Oktober Bulls are in control. Over the last two weeks price pushed up from This is after price broke major resistance. This makes price AIL always in long [Read more It is usual for price to stall and trade sideways at these major resistance areas. I like to sell the [Read more Oktober Price action is working out as usual.
Price bounced from major support and stopped at major resistance, while getting some bounces at minor support and resistance. I adjusted the minor [Read more Oktober When trading range go on to long. The probability for a breakout in the trend direction goes down to around As I mentioned in the spring, I think [Read more September 5 min chart: I got run over today on the open strategy. A nice bear sell bar on the open.
The signal failed, as it will from time to [Read more We are now trading sideways and price [Read more Dax, Price action By Claus Andersen September 15 min chart: This week the uptrend paused. Price broke the bull trendline and made a lower low. Price is still AIL on the weekly, daily and 4 hour [Read more September 60 min chart: On the 60 min chart price is nearing the target for the head and shoulders pattern. September Price action pattern in the DAX 60 min chart has triggered.
It is a head and shoulders reversal pattern. Often after a break of the neckline the pullback goes [Read more August 15 min chart: The trendline on the wide bear channel is broken. Price failed to reach the channelline. That often leads to a break of the trendline, as it [Read more August 15 min chart: Today price took a nice bounce to the upside.
The bounce came from a DB at the low of the TR. The pattern was a bear [Read more August On the 15 min chart DAX is always in short. Bulls did just manage to get a nice pull back. I think it was strong enough [Read more He also goes over the open strategy and how it failed one day. Also read:Crypto video [Read more Juli min chart: So there has been a development in the DAX. After hitting the bull channel line price pulled back to the midline of the bull channel.
Now [Read more Juli 15 min chart: Price is in a congestion area now- below The price action is a trading range. A potential head and shoulders pattern is [Read more Last week price missed the bull channel-line. That was a sign [Read more Dax, Support and resistance By request Claus made a video where he explains how he places the support and resistance you see in his charts.
It is a short video with tips that you can use for your own [Read more Dax, Price action What classic pattern could have gotten you short in the beginning of the week? How did the open strategy do this week? What does Claus expect in the coming week?
This and more in this [Read more May 15 min chart: Last week I mentioned that a test of A round number like that is often tested after a break. That is what we [Read more Recent and expected context in the DAX. This and more in a technical analysis of the DAX.
By our technical analyst Claus Andersen. Dax, Price action Another successful week for the open strategy! Claus goes through the days and open setups. Also talks about the expectations on future market movement. You all have a nice trading week. Also read:Crypto video libraryDaytrading [Read more March A lot going on in this 15 min chart.
During exhaustion in the final day of last week price broke above the prior high, and the high of the [Read more March Price is still moving in the larger bull channel. US stocks recovered overnight after Fed delivered the 75bps rate hike as market priced in, while Dollar and yields retreated. For the week, the greenback remains the strongest one, except versus Yen which it's paring gains against The forex markets are generally staying inside yesterday's range so far today.
Stocks in Europe and US futures are recovering while treasury yields retreat. Traders are clearly turning cautious ahead of FOMC rate decision. The question is whether Fed would deliver 75bps hike as markets priced in, or stick The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week.
Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced in, or stick to its "original plan" of 50bps hike per meeting. Yen is Sterling's selloff resumes today, after job data added to expectation that BoE would lag far behind Fed in tightening. Weak market sentiment sends commodity currencies lower. But still, Dollar is paring some gains today as markets digest near term moves.
But the greenback remains the strongest for the week, as markets are adding bets to more aggressive rate hikes by Fed this week, and at next month's meeting. Yen is so far the next strongest, as supported Sterling falls broadly today after GDP unexpected contracted for the second month in April. Chance of an overall contract in Q2 is raised while there are few positive signs for Q3 for now. Meanwhile, the remaining chance of a 50bps hike by BoE later this week is basically priced Dollar rises broadly as the week starts as risk aversion extended into Asia session.
But Yen is not benefiting much this time, as recovery lost momentum. Commodity currencies are also weak together with Euro. Swiss Franc and Sterling are just slightly better the others, but still weak against the Worries of stagflation intensified a whole lot last week.
In particular, even the habitually cautious ECB pre-committed to rate hikes in July and September, while delivering new economic forecasts with sharply higher inflation and lower growth projections. Headline inflation reaccelerated with strong rise in energy and food prices From this perspective, there is little scope for Fed to pause tightening in September. It might instead continue its 50bps per meeting plan for longer.
The greenback is Euro's post ECB rally was very short-lived, while market turned into risk-off mode later in US session. Negative sentiment continues in Asia today as US consumer inflation data is awaited. So far, Sterling is the strongest one for the week followed by Dollar, and then Canadian. Yen is the Germany year yield also jumps to 1. Commodity currencies turn slightly weaker on overall sluggish market sentiment. Dollar is mixed for now, and will need some fresh inspiration from tomorrow's CPI Yen is recovering slightly in Asian session today, digesting recent steep selloff.
Euro is trading mixed for the moment, except versus Yen and Swiss Franc. To be specific, it's range bound The main focus remains on Yen's selloff today, on the back of widening yield spread between Japan JGB and other major benchmark treasuries. Meanwhile, Euro appears to be strengthening in general too.
Traders are probably buying up the Euro in anticipation on a hawkish ECB policy decision and press Weakness in Yen and Swiss Franc are both staying under selling pressure today, and there is not clear sign of bottoming yet. Sterling is currently the stronger one for the week but there is no clear breakthrough. Aussie and Loonie are digesting some gains but remain firm. Meanwhile, Dollar Selloff in Yen and Swiss Franc is still the main theme today even though US and Germany benchmark yields are retreating slightly.
Australia was only lifted very briefly by the larger than expected rate hike by RBA. Though, Aussie is maintaining gains against Kiwi, which is the worst performing Australian Dollar rises broadly after RBA surprised the markets by a larger than expected 50bps rate hike.
The analysis contained in article relies on price action and chart In the major FX pair of EUR/USD, the big-picture downtrend remains on. yolic.xyz Trade Ideas 's profile picture. Trade Ideas . MUST SEE 's profile picture. MUST SEE . Good FX. Being able to read a price action chart is important to make the right decisions to highlight that you don't need perfectly precise reaction at a level.