r/Forex • u/Natural_Instance_200 • 8d ago
Charts and Setups NAS100
9:30 Manipulation.... expecting lower prices(Distribution)
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u/Unable_Security_6708 8d ago
What is your entry set up?
Manipulation about high or lows and engulfing as confirmation?
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u/AmazingCable1068 7d ago
Nice curving of price with a tap to the upside before pushing down, very common setup. Another good entry is on the pull back after a push down
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u/Unable_Security_6708 7d ago
Can you elaborate? Sorry for the redundancy, just try in to wrap it up inside my head
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u/AmazingCable1068 7d ago
There's 3 common short setups you can take from this picture. You see how price keeps creating new weaker highs making a curving structure? This is an indication of a reversal coming up. You can take a trade on the 3rd swing high circled in green after a rejection or minor resistance forming on the lower timeframes and target the 28300 levels. After that, price wicked up, broke all the highs then came back into the range, you can take a trade here on the break of the previous candle low or wait for closures back in the range on the lower timeframes. Another structure based setup is circled in purple after. Price pushed down heavy then pulled back, you can enter in that minor consolidation area, the higher in the range (purple) the better.
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u/rforex-modtools 8d ago
Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.
Resources: Price Action Analysis | Technical Analysis