WAITING FOR SELL SIGNALPrice is trading at top and i am a reversal trader so i always looking for reversal signal where buyer are losing control and sellers are taking contol. I am waiting for confirmation signal for short and i have my selected 2-3 setups where i always take trades. If i dont see any setup then i skip the trade.
Momentumstrategy
BUYERS ARE TRYING TO CONTROL THE MARKETThis is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc.
If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me to identify the price structure.
TATAMOTORS BUYERS ARE COMINGThis is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc.
If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me to identify the price structure.
ACC ANALYSIS FOR samyr99ACC is trading at bottom but till now we have not seen any bullish sign and i need to price go down first before going up(see pink circle) with the momentum,wait for 1st HH then watch price closely because there is one more support and price can go down to test that zone.
Note - Dont try to buy if stock is going down,Wait for buyer
SUNPHARMA LOOKS GOOD TO BUYPrice bounced from support after making double bottom with momentum and sunpharma trading in range between 600-432 and we can see clear first HH formation So its very good signal that price will go up,Now waiting for signal.
NOTE - YOU DON'T NEED MORE TRADES FOR MAKING MONEY,YOU NEED ONLY FEW TRADES WITH QUALITY SETUP,FOR THAT YOU NEED TO CREATE A WATCHLIST FOR SELECTED STOCKS AND FIND THE QUALITY SETUP AND AVOID ALL THE SETUPS.
NMDC LOOKING FOR BUYLooking for buy because as i can see price was coming down in the formation of LL/LH but there is lack of momentum in downtrend and price bounced from support so as per my price action analysis price will go up fast once buyer take the control on overall market, So i will wait for entry signal, If entry signal is not found then I will skip trade.
GBPCAD LOOKS GOOD TO BUYWe can see seller trap at bottom,This is very good sign of trend change and also there is a very good RRR.
NOTE - FOREX TRADING IS NOT FOR EVERYONE AND FOREX CHART ANALYSIS IS FOR EDUCATION PURPOSE ONLY, I DO NOT RECOMMEND ANYONE TO TRADE FOREX,I AM SHARING MY TECHNICAL ANALYSIS KNOWLEDGE ONLY.