Purepriceactionanalysis
MY BIAS WILL REMAIN NEUTRAL FOR TOMORROW...ALL is already explained on charts.
the rest we will see tomorrow morning about any good or bad news. overall market sentiments are bearish and no any other positive news yet. thats y we will keep our bias neutral. caz we are at very major levels. we have to keep our RRR. the rest is history.
our yesterdays plan is still on..as we discuss yesterday that we will not take any long trades for today. we didn't take any trade. for tomorrow we don't have another plan we just gonna stick to our yesterday's plan because my bias is still bearish.
we all know about today's event raise of interest rates. even as of now when I'm publishing this idea dow jones & s&p500 is almost 1% down. so ya we will keep our bias bearish for tomorrow.
sell at rise.. what next..?a clear bear dominant market we are in. us market is in deep red. what to expect from nifty50 tomorrow. I just worried about a sideways market tomorrow. have to maintain our RRR in a much more disciplined way. all of the above pure price action levels are here. will wait again for bearish signals.
The "CRAZIEST" Crypto Coincidence EVER! - XRP/USDFor the record, I am not a lunatic but rather an unconventional sort of outlier-type of thinker. What can I say... other than that I can not help myself from doing so 😁
From current book titles of "Principles for Dealing with the Changing World Order" to symmetrical price patterns, to brief excursions into some possible contrasts from ancient history with today. Heck! Who knows what's coming next in the world. It's becoming weirder by the day - or so it seems.
XRP was poised Months Ago! Monthly tells the entire story...XRP has followed a very consistent pattern found on the monthly chart via it's rises, retraces and closes. It isn't hard to see. Note my previous linked vids I have done in the past. There is no sense in churning out vid after vid each week on XRP like all the Youtubers who need their click revenue. But then again, maybe you're trying to scalp or day trade it. Have at it - I'd rather Hodl!
GBPAUD Decision TimeIf prices break the week resistance level and reached next resistance there will be a 4H BOS which make the 4H structure shift to Up but if the current level holds and we get a 4H Price Action Candlestick pattern we can short till ROLP lows @ 1.81420
Lets see what Price Action we get in next. Decision Time
GBPUSD SHORT OPPORTUNITY There is a descending triangle breakout happened on GBPUSD at 4-hour time frame, but there is also a strong support at 1.36780. So, if the price is able to break that support then you can Open a SHORT entry with the target of 1.34950 or 1.2 risk-reward ratio.
REMEMBER: Always do your own analysis before entry & take 2-3% risk per trade
HAPPY TRADING
AUDJPY Recap - Why I short in the face of an UptrendWas anticipating a run on sell stops at current weekly low based on the weekly close above the last down bar's 50% (So often a retrace occurs).
Price DID come to my alert to take some profit, of which I was asleep. Closed trade before full stop out and went long.
AUDJPY - Let's see if we can RUN the sell stops...Current weekly bar is an inside bar and being ity appears buy stops have been neutralized there just might be a run for sell stops. Being that the daily is showing no close above a certain threshold, perhaps I have read it right. Half a % on the table.
EURAUD Long - Closed While Still in Profit - Re-entry at SupportJust a recap of the previous trade and a re-entry attempt. As mentioned in the last post I journaled the following "The h4 shows a price inefficiency, which could be rectified prior to upside movement. Makes me a bit cautious." Thus far, the price inefficiency (Gap) has been closed.