All posts tagged forex price action

EURAUD +10 pips 2016-04-27 | Extended Reversal

After a move up, EUR/AUD has broken to the short side. The grid pattern shows an extended reversal pattern, where the 1 min boxes are above the the lowest 5 min box (see red arrow) creating a checkmark pattern for the arrangement of the boxes. The trade initially goes against us but there is the opportunity to add at the the two column support on the 5 and 15min time frames. The add allows us to closed out our initial entry when it gets back to break even then take half at +7 and the balance at +11 giving us a net +9,

For more details about trading forex price action, with the forex TimeLanes trading software, please click here

Previous recording Forex Price Action | GBPUSD +10 pips 2016-04-26

GBPJPY+10 pips 2016-04-25 | Orange to White

This is an Orange to White trade on GBPJPY. GBPJPY is moving up quickly and has reached a two column resistance on the 1 and 5 min levels, 24 pips from the 1 min boxes. The trade works efficiently bringing +10 pips.

If you would like further information about trading forex price action, with the forex TimeLanes trading software, click here

Previous recording Forex Price Action | GBPUSD +10 pips 2016-04-25

GBP/USD 1 min Trend Trade +6 pips [2016-03-24]

This is an interesting trade that comes from experience of understanding where in the the price cycle a pair currently is. Here, GBP/USD has fallen very sharply and quickly (this can be seen bu the huge distance between the 1min and 5 min boxes. Price has retraced but the chances of it retracing all the way back to the 5 min boxes on this retracement are low. Here, price has move back and is 15 pips from the 1 min boxes and at a 1 min resistance. The trade has a higher risk than usual but the probability of another move down is high.

How to use the TimeLanes to trade forex price action.

 
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