Cmasterza

Cmasterza

Ah yes it is thy beloved USDZAR hot on my watch list! The weekly and daily time frames both have higher highs and higher lows that confirms the bullish market structure. I like to add the Fibonacci extension tool to get an idea of where the market is likely to retrace to and from where I can look at finding potential opportunities. The 21 simple moving average is...

Cmasterza

1. Breakout from support 2. Tested as resistance 3. 21 sma pinned 4. Fibonacci zone pinned 5. Capped trend line confirming bearish trend These are all signs that price is likely to reverse. For this type of setup stops are best placed above the 61.8% fibo level and the target must be at least 2x that of the stop. It is my personal opinion that this pair has a...

Cmasterza

1. Falling wedge breakout 2. Pullback to moving average 3. Pullback to fibonacci levels 4. Doji - indecision signal from price action (so my bias is bullish after pullback) Stops are best placed below the signal candle where the setup is deemed invalidated and targets should be at least 2x the risk. Don't invest what you can't afford to lose. This is not...

Cmasterza

1. The two support levels meet in the same area as a buyers zone 2. Pin bar formed 3. Bollinger band pinned by pin bar on the support 4. Ultra low risk at 60 pips This type of play entails that stops are placed where the trade is deemed invalidated (below the pin bar) and targets should be the next resistance level but at least 2x that of the risk. Don't invest...

Cmasterza

1. The two support levels meet in the same area as a buyers zone 2. Pin bar formed 3. Bollinger band pinned by pin bar on the support 4. Ultra low risk at 25 pips This type of play entails that stops are placed where the trade is deemed invalidated (below the pin bar) and targets should be the next resistance level but at least 2x that of the risk. Don't invest...

Cmasterza

Today is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today: The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!) I'll be waiting for the neck line to break before considering to take an entry. A price...

Cmasterza

1. Support level broken 2. Tested as resistance 3. This is also previous resistance area 4. Bearish engulfing bar completed 5. Supported by 8 simple moving average See the signal on the weekly time frame as well Shorts are favored with this strategy and stops are best placed above the engulfing bar with targets at least 2x sl value Don't invest what you...

Cmasterza

1. Price is in an up trend 2. Previous resistance become support 3. Bullish engulfing bar completed 4. Supported by 8 simple moving average The high of the engulfing bar has to be broken for the trade to be valid. Stops for this strategy is best placed a few pips below the engulfing bar and targets must be at least 2x sl value... Don't invest what you can't...

Cmasterza

After reversing on the major support, the market has rallied higher and just hit the fibonacci zone after a pullback. 1. Pullback to fibonacci level 2. Bullish engulfing bar (needs to close as such to confirm) 3. Previous resistance tested as support 4. Moving average at play as well This is a classic setup using a few factors in confluence. The engulfing bar...

Cmasterza

There are a few factors in play with this setup. The pin bar striking the moving average on the weekly time frame around resistance indicates a bearish signal from price action: H4 has a few clear characteristics that is classic of a bearish setup: 1. Bearish engulfing bar 2. Pinning moving average 3. Pinning fibonacci 50% pullback level When the above is...

Cmasterza

When you look on the daily time frame you will note that price is in an up trend: I am looking to buy in a bullish market, so 1. Nice pullback on D1 after the minor resistance was broken 2. The market is now beginning to test the fibonacci levels 3. Pin bar forming (needs to close as such to confirm) This setup has to be validated by a price action signal like...

Cmasterza

1. Up trend 2. Pullback to fibonacci level 3. Engulfing bar completed 4. 50 sma pinned (confluence) This type of setup entails that the stop placement be a few pips below the engulfing bar and the target level must be at least 2x the risk (sl) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial...

Cmasterza

This is an awesome setup: 1. Resistance broken 2. Tested as support 3. Bullish engulfing bar 4. Moving average and fibonacci confluence (50%) Best way to calculate stop is where the setup is deemed invalid and the target must be at least 2x that of the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a...

Cmasterza

Nice clean setup! 1. Breakout 2. Retest 3. Pin bar 4. Confluence with Fibonacci and moving average This type of setup entails the best place for stops a few pips below the pin bar and target level at least double that of the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You...

Cmasterza

I like this setup because the swing low to the left provided a level that gave the bearish engulfing bar significance. This looks like a well positioned short trade set-up given that the moving average is also playing a role in the failure of the bulls to push the market back up. This type of setup entails that the best position for stops to be above the...

Cmasterza

I'm interested to see how the market will react to the marked level. If a price action buy signal is formed a long position will have good odds of playing out in my favor Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing...

Cmasterza

The marked resistance level was broken and price action completed a pin bar that pinned the resistance as support. For this type of trade setup the stop is best placed below the pin bar where the move is deemed invalid. A good target is calculated by being at least 2x that of the stop level. Based on the weekly time frame view, a buy idea is supported by the...

Cmasterza

How do you know if a reversal is likely to take place on support? 1. The bottom bollinger is pinned on a support level 2. Price action buy signal This setup is a bit more complex because of the resistive trend line drawn, once that breaks its adios! Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial...