#Priceactiontrading
#TRENDANALYSIS
▪︎Important concepts of price action trading.
SUPPORT | RESISTANCE | TRENDLINE | CANDLESTICK PATTERNS | CHART PATTERNS
▪︎After analysing the trend one should apply the above price action principles and decide the buying/selling pressure at key levels by volume participation or candlestick formations.
▪︎The above setup should be used to confirm with confluence to the indicators and generate obvious trading signals.
#TRENDANALYSIS
▪︎Important concepts of price action trading.
SUPPORT | RESISTANCE | TRENDLINE | CANDLESTICK PATTERNS | CHART PATTERNS
▪︎After analysing the trend one should apply the above price action principles and decide the buying/selling pressure at key levels by volume participation or candlestick formations.
▪︎The above setup should be used to confirm with confluence to the indicators and generate obvious trading signals.
#Priceactiontrading
👆 Precise Entry for Short position after an uptrend reversal.
▪︎The above chart represent weakness after an significant uptrend, the entry is below the neckline (the blue zone), where we get the confirmation to short the asset.
>>Here the stop-loss will be the most recent lower high of the descending triangle formed at the top of uptrend.
>> Targets can be set as 2X the stop-loss price in these kind of chart patterns or the base of the triangle.(base line in a triangle pattern represents, the weakness in a trend from the top to the support its been tested- the blue zone).
👆 Precise Entry for Short position after an uptrend reversal.
▪︎The above chart represent weakness after an significant uptrend, the entry is below the neckline (the blue zone), where we get the confirmation to short the asset.
>>Here the stop-loss will be the most recent lower high of the descending triangle formed at the top of uptrend.
>> Targets can be set as 2X the stop-loss price in these kind of chart patterns or the base of the triangle.(base line in a triangle pattern represents, the weakness in a trend from the top to the support its been tested- the blue zone).
How to trade with minimum risk?
Retest Trading.
After a breakout if you see the prices are retesting the breakout barrier, and then again continuing in the breakout direction, this will give the opportunity to enter a trade with less risk and a greater reward.
#priceactiontrading
Retest Trading.
After a breakout if you see the prices are retesting the breakout barrier, and then again continuing in the breakout direction, this will give the opportunity to enter a trade with less risk and a greater reward.
#priceactiontrading