Very good price structure with momentum
Simple and Repeatable setup with low risk high reward.
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
Simple and repeatable price action structure, Waiting for setup
We can see some selling momentum, Now we need only price action signal to go short.
Price is at support zone and we can see that buyers are more stronger then seller and Everything i have explained in the chart.
Price 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.
There is a very good price structure and this is a very common pattern. We don't need a high win rate to make money, we need a few good trades with good RRR. If you have 30-40% win rate then its enough to make money.
I am always looking for this type of price structure, SL and TP explain in chart. I Have my own trade and money management system so dont follow blindly, Do your own analysis
Price dropped from top after divergence and it can be very good trade with good Reward.
This is very good price structure, SL TP explained in chart
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.
I always wait for this kind of price action formation because its very simple and also very common pattern in the formation of HH HL, There is a Trendline acting as a support, Now I need a break of counter trendline to take a trade.
Price dropped from the overbought area and this is a clear indication that buyers are losing control from top and seller are trying to control the market and we have got our LL/LH formation for a downtrend continuation.
Price broke the Resistance zone, we can see the buyers are stronger then seller and 50-61.8 Fib retracement zone in place so this is good sign for uptrend continuation.
This 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...