Price Action different scenarios

Price Action often face few scenarios to decide the next path. Here I'll discuss few of them with you. Price often reacts first and then You can have Idea whether or not there will be a rejection below or not. Holding support Quasimodo pattern King zones like two straight low weak candels in the same direction with displacement. Actually term displacement rules the trading. Moves come in ranges comes after breakout but after first reaction from support resistance there comes the 2nd support and resistance and if the move is strong enough to give traders an idea to what it would react when it tests the same area again.

I'll get back to you with more examples in the next few days and weeks. Read the chart first. Nice rejection and QM and then flip first attempt above support resistance flip failed gives us entry with low risk .

Trading look easy When you test your strategies

I will cover few trading techniques and strategies and guide you through the process which can help you pinpoint your entry. Market dynamcis and structures are designed so skillfully that retail traders often found themselves in dialemma when to enter and when to exit. To be honest, we are just exit liquidity for bank and institutions and they do this while there are some tensions and strong fundamentals releases around the corner. You just need to understand the complete structure of a setup.

Points you need to cover first of all is whats lying in the place where you should enter and that could be previous history and support and resistance area and simply put the stops few points above previous history or consolidation breakouts above or below.

Check the Chart Above

As shown in the chart above, Price has a history above or below and strong rejection out of head & shoulders pattern. As I mentioned in the previous post of ethereum rejection, Candlesticks patterns is important as it is the first thing we need to know while making decisions which is the power or sentiment building to move from recent levels. In next chart, I'll point out the Candlestick which was built at top and the how price leans away from the level to next support and then flipped the zone while testing it again.

Move on to charts that gives us perfect entry

Before moving out to next and explain what is exactly mentioned on the charts, one must understand the points and fact the reason of taking a trade. History often repeats and patterns which are build and area of taking a tarde should be strong. Even strong support and resistance are breached in single attempt and never revisited for lateral entry and this is even not the right way to trade. You must understand the fact the trading requires techniques and often stops and hunts are picked on edge of the chart which often place in between ranges and before breakouts ever occur. Learn to take a trade at revist but often pick up points that one must learn before entering.

This charts points out three levels upper middle and lower and we see reaction at all the levels . Head and shoulders and strong rejection first. Secondly, we fould ignored area with even more pressure which means that bears who take out the level didn't respect that level which was earlier accumulate orders and third one is lower zone which flipped the zone which often is a clean signal of there are orders left need to be taken out and one points which I didn't mentioned on the chart is point which is we cannot go straight out and take a trade on bullish rejection underneath. One must wait for candle to close and next candle to open and react and see if there are buy or sell stops above or below that candle and this is big mistakes trade do and blindly place limit order few points above or below bullish or bearish candles.

Note down the points and I'll continue the blog in my next summary of taking another trade this Monday and post it right here on the blog and explain the specific reasons of taking out the trade

Here is yet another example of ignored areas

Same can be said when we see upper area has been the source of strong decline and we see the price often flipped the lower zone then we can wait for confirmation of the candle close at rejection from medium range and then we see if we see a full body close at flipped level. We enter immediately after the close as this is strong momentum which will again ignored the flipped zone and we can ride the low of the swing .

Ethereum Rally was on the cards

Crypto trading futures I saw this ethereum rally coming for more than six months but it takes lot more time to take effect. Now as My point of view the recent price action in ether is quite low and awaiting response as compare to early price action when it explode from 36-3400 levels. I saw this as new opportunity to short ether at recent levels. In case you need confirmation you need to wait for the today candle to close and which will confirm the Price action if it is a dozi or low body bearish or bullish don't matter.

Somehow I manage to site another short opportunity while we are still awaiting U.S GDP data and Big institutions are pricing in NFP as we might see a surprise in Payroll data after recent Tarriff war started by Donald Trump. Whatever he might be planning we should set it on sidelines and look to target Crypto as they are the first who react whatever comes out of U.S corner.

Update of the post above

As I posted above the trade and went through taking that opportunity I wonder if it would take another couple of sessions to drop but instead it took just one U.S session to drop 200 points straight to 4650 support and psyhological barrier . Now I am sitting breakever +150 points and trailign my entry.

For better understanding check the chart after posting for clear understanding the matrics . I will cover the idea behind the trade which will help traders to pinpoint the entry .

Keep an eye Gold Futures. Eyeing big reversal

I would update the blog with possible reversal about to happen in Gold spot futures which will atleast target 1510 area and only support around 1760 needs to be breached & I would put stops around 1776 area.

I would like to change my idea after seeing such a strong rally in Gold future which has never been witness. This might go to strongest in recent decades, specially after U.S struggling with economy we can see the Dollar sell off continues amid strong stimulus packages issued by U.S government which will surely put lot of pressure on U.S dollar in coming months & It won't stop here & I'm eyeing something really big & We can some strongest packages coming out in a couple of months time.

So far Rally has been so strong that I have changed my decision to look for more strength with the correction rather than reversal. I would advice you all to stay away from shorting Gold at the moment and possible look to buy on dips for a rally towards atleast $2250. If this correction continues to be deep, then probably we will have strong support around $1750 & from there we can look for possible buy for a stop around $1690. First, we need to see strength of the correction and secondly we must see the Support and resistance holding or giving away when this rally continues to be strong or stalled around areas.

Chart & idea will take sometime, but I'm pretty sure that rally has stalled for next few weeks. I've seen so many reversals after strong NFP release & one of the strongest reversals in Gold future happens in 2011 when it topped out around and price was around $1886 when strong NFP numbers surprise the market, but this situation is never ever faced by anyone like the Pandemic and other fears after pandemic, so wait and watch the Price Action unfolds and we will soon see some good areas to buy Gold and get a piece of pie..

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Forex Trading without indicators and make it as simple as you Can

We all are facing difficult times and we all need to contribute the best way we can and we should. We should atleast try to give as much as we can, part of your daily meals and cut them 20-30 percent would make a hell lot of difference.

I'm contributing to everyone globally through my blog as a Free trading for one month with trade recommendations & all you need to do is to stay focus and watch every chart with caution and I'll update the chart everyday with quotes and why we should be able to take that trade & what should be our stop and targets.

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