Price Action Study EUR/USD Learning to identify setups
The aim of this study is for to become more efficient in my analysis of charts and of course to be a profitable trader.
Any feedback on my notes, ideas, charts, and trades would be greatly appreciated and help with my improvement
My goals are to improve the following:
Price action has been pretty bearish, as USD continues to look strong on some of the charts I've been looking at. With the bearish trend I would be looking for a short trade setup to ride the bearish trend
Today's Daily closed with a strong bullish candle, looks like price is going to continue to move up. Waiting to see how price action behaves around resistance areas. If I see indecision on daily/12hr I may look to place an entry order
Any feedback on my notes, ideas, charts, and trades would be greatly appreciated and help with my improvement
My goals are to improve the following:
- Identify key support and resistance areas
- Improve my analysis and understanding of price action (especially around support and resistance areas)
- Most importantly to learn from all mistakes made in my analysis of charts, trade setups, entries, stop-losses, and exits
Price action has been pretty bearish, as USD continues to look strong on some of the charts I've been looking at. With the bearish trend I would be looking for a short trade setup to ride the bearish trend
Today's Daily closed with a strong bullish candle, looks like price is going to continue to move up. Waiting to see how price action behaves around resistance areas. If I see indecision on daily/12hr I may look to place an entry order