Pound Trade levels before Great Bretain Election Results l Definitely Risk-on

Despite of continuous reports on failure of deal in England but still I expect this upcoming election results will give us finally what market wants as deadline of 31-12-2019 is approaching very fast. Now or never sort of approach should weigh on investors and never seen volatility would be seen. You won't get any chance of taking a trade in pound dollar, so If you've planned to enter earlier to release, then I would suggest you to get out of situation and wait for 24 hours before you enter again.

For me, Price is strongly approaching 1.3760 area which is clear indication of some correction. We earlier have buyer swings which were hold twice above this level and finally we break out lower. Now as price is approaching strongly to the level I would expect market would show some caution ahead of 1.3190-3230 barrier and we can see a small correction to 1.3000 & then before we approach 12th December we can see a small range or spikes followed by correction whenever there are rumours or any news relating to the results.

All the Gbp Pairs would have larger spread ahead of Brexit

Most exotic currencies in Major pairs are gbp/Aud & Gbp/nzd & I have never recommended trading these pairs with small trading accounts or unless we have a small risk trade. These two pairs already have a spread of 4 and 5 points but due to Bretain Voting results we can surely see expansion of spread to atleast 10-12 points or even more. So, trading in these two pairs is definitely not recommended.

Pound Chart & Trading levels ahead of Voting Result

Chart below truly stating that we have couple of Accumulation and distribution areas & finally we are getting out of one and approaching next level which is already a upthrust level on weekely just above 1.3650 & When Price is going through these hurdles, already showing sign of real weakness but as we have strong bullish flag breakout, I expect those orders above that flag are waiting to be clicked & test of that level would add more weight when we visit that 1.3650-90 area again.

Euro gbp facing Price Action zone around 0.8515 before Brexit vote results

I would follow up with the chart. Euro gbp has trying to stop hunt stops ahead of vote results. Stops should be place around 0.8530 entry should be around 0.8515& Target 0.8430-05 area.

I would advice you all to manage your risk and tighten your stops as possible as you can. Risky events can pave away the way for new downtrend but I would recommending closing with first target with two entries and trail the second one at breakeven when First Target is met.

Result of trade Eur/gbp after exit polls

The chart below illustrates that we miss the trade by mere 9 pips and move was so devastating that it breach through the support and hit all targets and through 0.8300.

Thing to look out at this time is approach. Approach to broken support at m30 was the real factor that we need to dig into. I'll prepare a video soon & will publish my idea why it went down from that SBR (Support becomes Resistance ) & about market manipulation.

By Market manipulation, I mean to say that was the market aware of the exit polls ?

Do the know the results & set orders prior to release and what approach we should follow before these type of big events. All these doubts comes to mind when I was novice & decided to buy the broken support and retest areas to get trapped and leave the trade open before the big events & blow my Accounts

Seriously, that has happened to me hundred of times. Whether it was Greece default, Britain referendum, Scotland referendum etc. I loose my account so many times, but this time I missed the Jackpot trade & believe me I'm not talking about small lots. But anyway, this has been story & I hope those who stay at blog and spend time on the blog understands the value of such events. I'm still quite confident that we will soon get into strong Euro dollar swings which is targeting atleast 1.1800 will leave a trade on table next week.

Stay tuned & subscribed

How to trade flag limits & Swapping flag engulfs in Forex Trading

Hi,

I've pulled of some education portion to tell you what is flag and flag limits & how to trade those flags with low risk high reward opportunities. Flag Engulf flag in Usd/cad and we see a swapping buy orders which are being tested and it is followed by demand level & that area is good enough for buying with target above PRZ

Canadian dollar buying opportunity targeting 1.3286 area

I would preferred to stay long amid demand levels & then I will see reaction when it approached next decision area which is 1.3286 area.

Wait for follow up chart in next few sessions

UPdated 21st NOvember 2019

Profit taking on usd/cad buy

It was a no risk entry as I mentioned in the chart above. from 1.3196 to 1.3306

Chart follow up as I promised there would be a follow up of the entry. Price rising from a breakout zone. As I stated last time, that price is usually go from one decision point to another. We saw strong movement follow by pause in rally even though immediate short execution at rise of pole flag, is very risky but it was the decision to fall or you can source of the downmove.

Readers who have spent time on blog understand the fact that what I'm pointing out the recent bull rally & decision point to another decision point. There is a big difference in trading ranging breakouts and trading strong breakouts follow by retests of the zone. Zones that retrace & continue are usually flags engulfed by flags know as swapping zone & price usually test them with low liquidity. That is all that has happened with the 1.3189 which was Fl of the flag that breakout from a flag continously made higher highs higher lows.

We are approaching year end & there are still quite a few setups that I've in mind and spot on charts and one of the Eur/usd. Eur/usd every rise got hit by bears & this time around it has been the same again. I would like to see a breakout of 1.0979 level to see if there is enough pressure on bears to make a new yearly low below the recent one. I do expect to see a strong bear really ahead of FOMC meet in december & then we will see a possible low of 1.0810 area . So, the entry would be very low risk one or may be around 1.0965 with stops just above 1.0995 & target would be straight 1.0850-30 area.

But I would update you guys before there is any hurdle and bears start putting pressure on Euro pairs & that would remain the price action for next two to 4 weeks. I don't see euro go past beyond 1.1120 area & 1.1090 & 1.1115 are very large hurdles for euro to cross.

Role of support & Resistance in overall Context of Price Action

Price Action really need some help from liquidation provided by Retail traders. One thing we must know that without retail traders there are no trading activity or orders that can push price Up or Down.

That is how banks and institutions manipulate or trade forex is to take the help of every support and resistance that they can. Banks use those support and resistance areas to put orders above or below the IF there is enough orders that are waiting to be taken out and finally push that is required to test the previous flag or demand or supply area.

If you look at the chart above, then there are few things that you must notice which is type of orders after a strong push to the upside. Price reacted to the zone with a failed breakout & then price action follow through and found support at the previous demand level & that area was providing consistent liquidation or orders to the providers.

One thing that we must understand that Price Action unfold & sentiment changes after every hour. We cannot set buy sell orders based on support and resistance as sentiment changes after the breakout to the upside.

Decisions points is the crucial thing you need to understand before buying and selling

Trading has nothing to do with just buying and selling . No one can understand the type of orders untill you dig deep and find reason why there should be a need of buying or sell an asset. Assets requires supply and demand to initiate orders. Orders need to be in bulk and target should not have hit. There should be clear set of orders below and above to hit the target. One must need to understand the what is the proper stop and entry to take a touch trade or even setting stops below or above the price Action zone.

Classic example of set of orders in Trading of Pound Dollar

Chart above explains the reason how sentiment does changes after the upside push through but it was not good enough for the banks to look for liquidity to push the price down & they start manipulating by strong push from the downside & rejection and then price finally fakeout market with red arrow & then took the help of support again but it was all done with the pending orders as there were orders when price makes a breakout from the triangle breakout from the downside.

Dominate Flag patterns & low volatility breakouts

Chart below represents the bitcoin which is about to test the low level of a flag. When We look that chart closely then you would found out the left shoulder past the levels which is historic pattern and price has already ignored that level. While watching or buying at low levels of a flag breakout specially when we have left shoulder in support of the recent price Action, there there is surely a recommended level specially when we have FTR above the recent PAZ.

Top of flag breakouts are best one to Trade in high volatility pairs

As we all know that BTC is very high volatile pair & I would recommend buy at top of the flag area market with blue line & watch out for engulf on top of the pattern as flag. I would love to post an update with live example to let you all know how flags engulf flags & these type of breakouts are best to reach its targets specially when retests does not reach its target. So, Wait and watch out for update & don't buy this low as selling pressure is still persists on Bitcoin.

How to mark supply and demand levels on Chart. Rejections and retests

HI Readers,

I took a trade on Crude oil based on price action and that is why I've decided to put this on blog. While you decide to give yourself an edge and take another step forward, then this post is entirely dedicated to you.

Points to need to know while marking supply and demand levels on Chart

We can see rejections and try to read as many charts as we can. First of them comes to mind is candelsticks. Candlestick alone is not tradeable. You need to learn to trade approach to the levels whenever they got rejected. Alone reliability on chart is not good enough. You need to learn to read the chart and reason for rejection.

Trade History and MPL (Maximum Pain level ) is very good way of reading a chart. Price rejecting and carrying the momentum to test previous supply and demand level is good indicator of price action when those levels are approached.

Multiple test of the level is another good way to identify opportunity. Multiple tests include 3 tests of the support and resistance levels is good enough . Three dives is my favorite pattern when you trade Compression but when you are trading history level & QML level, then this candlestick approach is very good way to identifying an opportunity.

On the chart above you can saw a small candlestick above the level (HIstory level), which is good indicator is that price try to stay above that level but failed to do so. then we see three tests of the level followed by FO (fakeout)

After an FO is posted on the Chart, next thing you must keep in mind that If we see a bearish Engulfing. Bearish engulfing are good sign of orders on the places when it left the area. One thing you must keep in mind. Price action must be strong enough and orders are left on the level because if we see a small dozi then we probably might see accumulation of order before price left that supply area.

Price left the area strongly and followed by failed attempts which probably is very good sign of pending orders. Price engulf the demand below from where we saw a failed test & Final is the approach which was quite low momentum but when it reached the level, It did not take any time but to go strongly towards the next demand which was around 53.80 area.

Stay tuned for more charts. Don't forget to subscribe the blog & leave comments in case you have any doubts.

Characteristics of Flag Order

Forex trading is all about reading order flow. If you are unable to read order flows then it is very difficult to spot who is dominating the market. Even in opposite reactions, it is important that we saw participation of buyers & Sellers or vice a versa. Following chart will probably clear the doubts you have mind. In order to clear your doubts, I've also posted Live trade that I took on August 21,2019 of Brent Oil.

Comments are welcomed

Bitcoin ready to rally with a test of 7.2k Area.

I posted in my last bitcoin predictions that I'm looking for rally to atleast 7.3k area. Check the last post here here

Price has done exactly that with a retest of the level & now with a clear break above 8.7k. Price has manage to test the 3 months high & Now I'm expecting price will keep going ahead to test yearly high.

China ready to adopt Bitcoin as Future & making efforts to list bitcoin on Exchange

The proposal includes a range of issues from how compatible the industry standards should be with other international cryptography systems to whether companies should voluntarily verify their commercial use-cases with authorities.

Bitcoin Rally to continue with stops around 9.1k

Chart Below has shown the demand area holding since that level of 9.2k was breached but it seems to be faking the support and after that we have seen a test of the area as a falling wedge and now price has breakout of the that range and I'm now ready to buy btc with stops around 9.1k area.

I've seen this opportunity and decide you keep you updated . Bitcoin made a high of as high as 10.2k & since that high is made price has been on the sideways & untill it found support around 9.2k area & I'm now looking for a strong test of 10.2k again.

Supply and demand Price Action Zones is the best Forex trading Strategy- Forex strategies that works

Hi, Readers

Market has been very volatile amid Brexit Vote on this weekend Which I think would be negative for Pound pairs. Pair has been rising strongly after expected deal finally getting close to implement.

Purpose of this blogpost is not about Brexit or any Fundamental that is about to shake the market. I'm here presenting you the best price action strategy which works on simple principles and logic. If you simply sit on sidelines and watching Price Action for a week or two, then this low risk high rewarding price Action setup would never be away from sight.

Price Action zones to work in trading strategy

Only solution to your loosing streak is work on logic. Do include support and resistance, trendline & retest and breakouts in your trading strategy. This will help you build a powerful system which will never make you look stupid when you loose a trade. Combination of these price action techniques does nor requires you to plot them all and trade base on signal of trendline break or any support or resistance break.

Take a look at the price action chart below & that is how market structure works.

Have you ever wonder about logic in your price action like what I've mentioned in the chart above

Do you think that a trade is never far away when you follow simple basic rules and not get driven by emotions that happens daily on market. Risk on or off. Price go here and there to finally trend or reverse.

More on that in coming weeks and months. Do stay subscribed & watch Price Action techniques that will totally change the way you trade.

Supply Zones for pound ahead of Brexit

I just go through the pound dollar chart as part of my weekend routine and find out the reason why we should remain short on pound dollar with high reward and small risk. Shorting around 1.3081 is very good area. Even If price fall from the weekend close, there is still a possibility that price would find support around 1.2780 area & then retest the 1.3060-80 zone & shorting there with stops around 1.3115 & target 1.2500 & 1.2210.

Price Action Strategy is best Forex Trading Strategy

As I have mentioned earlier in all my blog posts that I avoid using any indicator in my charts and rely heavily on monthly, weekly & daily price action supply and demand zones & that chart of gbp/usd explain the reason of why I should stick on the plan of using zones & be successful in my Forex Trading Career.

Comex Gold is approaching crucial level

Gold Trading is most profitable when it comes to trading Commodities & I always prefers Trading Gold instead of currencies as we cannot keep gold away from moving whether Risk off or on. Gold Future is on the sidelines for quite a while moving between 1496 & 1481 level & I'm expecting another hold of the level by bears and will target the retest of 1481 level and breach there would be the target 1469 . I would keep you updated on the trade. Chart has already been posted as I have taken a scalp trading opportunity in Gold future .