JohnnyB61887

JohnnyB61887

The weekly chart for GBP JPY is telling a story. It starts with showing a broken trendline. As you can see on my chart, the trendline is broken to the downside and then retested (also retesting a major level of resistance). At this meeting point, a weekly pinbar is formed (highlighted in green). Price shows us a rejection as its reaction. There are only 3 main...

JohnnyB61887

Overall Oil is currently ranging. This is clearly seen on the daily chart. Here on the 4 hour chart I am seeing a potential short setup. We have a nice strong bearish move - breaking structure creating a potential supply zone. We have a possible pinbar at a level worth watching. However I am going to wait for price action signal to the downside within the supply...

JohnnyB61887

Observing US30 on the weekly chart we can see the bigger picture. In the chart we can see that price has been in an overall downtrend since leaving the top level marked. Price is currently indecisive at our most recent lower low/supply zone. Although we have been bouncing around going in no particular direction, we still see signs of rejection to the upside....

JohnnyB61887

Taking a step back and observing AUD USD on the weekly chart we can see a very strong rejection. This bearish engulfing signal (highlighted in green) is a clear short signal coming from a weekly supply level - which also happens to be the most recent weekly lower low. Taking into consideration we have a weekly downtrend, a break of a major level, a retest and a...

JohnnyB61887

I have bought a position on S&P500 based on strong uptrend and price action on the 4 hour chart. As you can see in the screen below I have highlighted a bullish pinbar at a unique level in the market. Price dipped into a psychological level and was then rejected. The next candle hunted some stops below the tail, shortly after that is when I saw the setup and...

JohnnyB61887

I bought BTC/USD based on the highlighted bullish pinbar that entered into a deep psychological level and rejected nicely. Shortly after the pinbar (highlighted in green) you see a stop hunt that came just below the tail. This is my buy signal.

JohnnyB61887

I am placing a buy on US30 after a nice 4 hour bullish pinbar at a significant level. I have a wide stop loss to allow some retracement and possible manipulation, I am planning to hold this for a week or two.

JohnnyB61887 Updated 

I am entering a long position on Netflix based on the price action on the daily chart. I have drawn out a ranging zone that has been respected. Currently price has formed a bullish pinbar at a significant level on the daily. The bullish pinbar that broke out of previous resistance and support is now acting as support again. If you look on the weekly chart, you can...

JohnnyB61887 Updated 

I am buying XAG based on the weekly and 4 hour charts. If you se eon the weekly I am liking the rebound off of dynamic support. On the shown chart (4 hour) you can see a strong break through resistance. Price came back down a bit to retest and is currently making its way back up. I also like how the BRC looked on the 5 minute chart to kind of pinpoint my entry. I...

JohnnyB61887

GBPUSD is forming a very nice sell signal in a very nice selling area. I have been watching this chart to see how it would react if reaching the highlighted zone. Today is the end of the week and I am hoping to see it close in a bearish pinbar. That will be my signal for a short position.

JohnnyB61887

As a follow-up on my last analysis on this pair last week, I am looking at the daily chart. And as you can see, I have highlighted a pinbar formed on our support level (previously resistance). 2 weeks ago I made a nice profit buying this pair. I have been patiently waiting for a retest of this support level. I will be looking to buy this pair when the markets open.

JohnnyB61887

Similar to our US30 analysis, US500 is looking like a good entry point on a long position. On the daily you can see where price came back down and tested our support area creating a nice rejection and daily pinbar.

JohnnyB61887

On the daily we see a nice test into our dynamic support with a good rejection. This touch was a significant area as it was at our previous entry on a nice pinbar that formed on support and previously resistance. In reality, entering on this touch would have been nice. It is currently the weekend while writing this, so I will be watching to see what price does...

JohnnyB61887

Ethereum has taken a pretty big hit the past couple of days. I see a perfect opportunity to "buy on the dip". As you can see on my chart we have a nice daily pinbar setup at support. Feel free to share your thoughts.

JohnnyB61887 Updated 

I am placing a longer term short on USD JPY based on this beautiful weekly pinbar. As you can see price was pushed up into our MA and rejected forming the pinbar. So far price worked its way back up around half the distance of the tail and I am expecting a drop anytime now. I will be holding this one for awhile.

JohnnyB61887

On the daily chart I have highlighted an Inside Bar price action signal. Initially I was watching for a break of the mother bar on the up side to go long. However, this is a perfect example of why you should wait for the close of the candle to make your decision. It in fact, broke to the down side, breaking recent support as well as forming a nice bearish pin bar...

JohnnyB61887

I have set a pending sell on EUR GBP based on the daily Inside Bar + PinBr combo. I currently have my pending order to be triggered halfway up the pin bar where you can see my horizontal red line.If you have a look, you can see that price has broke through this line of support and is currently on the way to retest it. I am expecting a further drop once it does.

JohnnyB61887

I am currently invested in ethereum and looking at this weekly chart I am seeing a lot of bullish potential. I realistically see ethereum reaching the 700 level in the next few weeks or months.