Price dropped with momentum from resistance zone.
Very common price action structure with momentum, There is a different trade managaement and money management behind the setup so do your own analysis before taking trades
We can see very good uptrend after the break of trendline, Do not buy before trendline break and take trade on price action setup
Price is breaking the near term support level, Now we need only a setup to go short.
Very common and repeatable price structure. Spend time on chart to identify this type of setup
Wait for break 275 level, We can look for buy above 275 level
Very good price structure with momentum
Waiting for the trendline break with momentum.
Do not try to take trade very early, Wait for clear sell signal, Learn to create your own setups to trade
We can see the HH and HL fromtion in the past but also there is a lack of momentum to going up and we have got our first LL,Now we need a LH for enter in the trade.
We have seen some possible setups in the market, So I have decided to share my some knowledge to other traders who want to understand price action analysis and I suggest to the new trader to do not make analysis more complicated, make it simple. I hope it will help and this video is for education purpose only, I do not recommend to anyone for buy or sell, Do your...