I am starting this page as a journal of Price Action Setups that I notice and invite others to post high probability trading setups that they might see. I will primarily focus on setups from the daily chart, or sometimes the 4-hr. The criteria I look for when considering a potential setup consist of:
1) There has to be a retracement from recent highs / lows.
2) Strong static support / resistance
formed by fractals / swing points.
3) Presence of dynamic support / resistance formed by 8 and 21 emas.
4) There must be a trend under way; Higher highs / Lower lows.
5) Price action candlestick setup; either a pin bar or inside bar formation.
6) Presuming the trade setup works out, the price action must have room to run; meaning there can't be support / resistance zones preventing reasonable price moves.
