How to Predict Price Action - My Favorite Signal!

* no investment advice - informational and entertainment purposes only *

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#forex #trading #technicalanalysis

[eX.Ov]

Always wait for the breakout to retest the key level (resistance/support) before adding a position

[haydendodson]

The problem is, even though this makes perfect sense, that you can’t just predict price action like this. That rejection back to the downside could just as easily have been a retest of previous highs before an upwards continuation. This is why instead of trying to constantly predict price most successful traders have an actual strategy that involves some sort of confirmation before taking an entry.

[bijeeshbabu]

Can you say it on a live chart? No. Because trading is unconditional. And that is the purity of trading.

[kedalin]

The best cases of “general after the battle” i’ve ever seen are channels like these 😂

[casualbb]

This was on 23rd Feb 2023. After Fed rate decision.. The big drop was due to non farm payrolls being insanely high. This has nothing to do with liquidity, technicals or else.. just banks going long the usd and dumping everything else. How can people seriously be profitabel if they dont even know what is happening and what is driving the market..

[charlesetwaroo]

He isn’t wrong but also it’s a good idea to look a few timeframes higher to understand what the bigger picture is going and you can place your scalp trades accordingly. I know this because I trade this way and it works out for me.

[AnNE-nnbx]

After market close everyone is Buffett

[sybrenstroobants]

Its important to know at what time this scenario takes place, if its not during New York session, the chances of being faked out are much higher because the volume during session is much higher and effective breakouts are more probable

[safballer]

Always check H4+ candle closure. If this candle don't close above the resistance zone then mostlikely fakeout(Big wick above the resitance)

If it closes above. This is your first confirmation of confirmed breakout. Then wait for retest and go long again.

[GamingxKnight]

I'm actually happy I was right that the market was going to go back down and that it was a fakeout breakout, though I determined that from the fact that the resistance had at least three separate attempts to break out in the swing high previously and couldn't. Not sure if that was a correct way to look at it and if I just got lucky.

[watchmen]

Think it's hindsight, could have easily broken out. It's a 50/50. Risk management is key.

[bagulk]

Sir you really breakdown important concepts which helped me to understand the market properly thanks for it.

[isekaimagazine]

That was a buy stop liquidity grab, so after that the price was likely to decline to grab the stop loss placed below the recent low.

[jeffbeez]

When ypu s breakout try going in a lower tf and the price action from there will revela to whether its a contunuation upward or a fake out

[FFT-J]

Not enough info on chart to make decisions. Is this a key level from a HTF? How much volume is being traded here?

[temporaryname]

Another way to look at it is it's a double top except the right size is more tight than the left indicating when it does fall it's gonna fall fast AF so it's a great time to buy vertical puts and immediately set an ask for 2x or 3x return or maybe even more.

[Talekeflows]

I’ve leaned so much .at first I wouldn’t have understood but NOW I’m ready!!!

[barryirvingj]

Forex Trading will make me a Millionaire. This is golden nugget

[nhlanhlandwalane]

This scenario can be seen during New York session. 15 to 5min time frame. I trade M and W patterns. I learned a lot from your channel exhaustion, bounce and other ideas on how to make money from forex

[FJX]

The resistance line should tell you that the breakout isn’t a guarantee for a bullish price action. The movement should first climb three bullish candles before considering entering the position or this is likely a false breakout.