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Priceactio

GBPUSD top of the price action, watch for drop Hi everyone: Also looking at GBPUSD for the bearish opportunities. Price has been in a long term, higher time frame ascending channel correction, moving the price up to the current area. We can see on the higher time frame, we approach to a previous high, which is also where price formed similar price action. A double tops, "M" structure within the HTF ascending channel, and strong breakdown from the price. Very identical price action here as well on the lower time frame. What we can expect the price to do now is complete this lower time frame ascending channel correction, and look for breakout of the price follow by more bearish correction to go. Thank you
Short
by jojofang0901
42
ETHUSD Daily S/R| Swing High| Price Action| Trend Evening Traders, Today’s analysis – ETHUSD – trading below a key technical location where an impulse is probable, Points to consider, - Price Action Impulse - Daily S/R Resistance - Swing High Objective - Low Volume ETHUSD’s immediate price action is impulsive, trading under a key technical resistance, until broken, will allow for a bullish bias. The swing high is the immediate objective, exceeding this target increases the probability of a trend continuation, Current volume profile is on a decline, an influx is highly imminent once an expansion occurs. Overall, in my opinion ETHUSDT is a valid long above resistance, price action is to be used upon discretion/ management, Hope this analysis helps, Thank you for following my work And remember, “Never let a win go to your head, or a loss to your heart.” – Chuck D.
BYBIT:ETHUSD.PLong
by The_Alchemist_Trader_
NZDUSD look for this breakout confirmationHello traders: As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities. Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively. Last bit of price action see a recent double tops, then a bearish move on the lower time frame. I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short. Thank you
Short
by jojofang0901
2
Butterfly Pattern, NZD/USD, 1hrHere we see a butterfly pattern on the New Zealand , United States charts. I have given the market some space to complete the end of the butterfly pattern before continuing in a bearish trend, because the closer to perfect the pattern is , the more secure of a pattern it will be. I have placed all of my order actions in the usual places, with one exception. because the pattern has not completed, I have placed my stop at the previous structure above point X. I believe that the market will possibly rally to that structure and reverse from there. Following the reversal, I will trail my stop down to point X and hold there for retracement. Please comment any idea , opinions , suggestions, changes, it helps me become a better trader. also like and follow me if you think i am on the right track. As always thanks for checking me out, and Good Trading!
Short
by Kylan_Laymance