Strong Breakout with the overall trend reacting to bullish trend line providing beautifully strong support below. Pair that with a stop placed below the pivots it's a tidy little set up
For those who went short last week on this bearish Price action pinbar, you should be over 3:1 ROI, the aim is still to reach 101.2 for a nice 4.5:1 ROI. You can move you Stop loss and keep an eye on Bullish Price Action to get out of this trade. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share...
Tight corrective structure after strong sell-off indicating the sellers are still highly present with low levels of profit taking. Resistance zone between 102.70-103.30. If that area manages to hold as resistance next targets are most likely 101.25 and 100.20.
If the resistance around 136.00 attracts new sellers, primary target is 133.30. If 133.30 folds 130.00 would most likely be next.
Similar to my other setups today. Corrective structure after strong move suggesting bears still present. Primary target 1.8310.
The corrective structure that has formed after the last strong sell-off suggests further downside. Primary target around 8.5350. If that level folds 8.40 would be a plausible next target.
Price action supports a short term bearish trade towards the bottom of the bullish channel, best seen on the daily chart. Primary target around 1.30.
AUDCAD is now sitting on key level of support which was a key level resistance. We have logical entry and target point with a potential 5 to 1 winner.
EURAUD is still sitting on key level support and just formed a bullish pinbar. Ideal entry would be 50% range of the pinbar candle and stop loss is below the low of that pinbar with at least 3 to 1 risk to reward ratio. Trade safely.
NZDUSD is sitting on key level support in line with the bullish momentum. Price had just braked out on the recently created inside bar pattern, a consolidation-continuation pattern in the market. An ideal entry is a buy stop above the high of the pinbar and we have enough room for a decent risk to reward ratio. Trade Safely.
USDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar...
The last candle still has some time to close, but based on what is now, we can see an indecision forming on area of support. USOIL dropped 3.5% today, which is a strong move, so we may look here for some short-term long positions.
As mentioned last week, our trade triggered last week 26th July and we are now at 2.5:1 ROI, still aiming for 0.728. You can move your Stop loss and keep and eye for a bearish Price Action to get out of this trade. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter and...
Based on H4 chart, USDCHF formed an indecision at the support area, followed by strong rejection of its former movement. The price moved a long way down, so it may be a good time for some pullback and most probably we'll see a reversal here.
NZDUSD formed an elementary reversal setup, the price went up very quickly after somehow bad data from US, hit the resistance area and got pulled back. You can see the upper wicks indicating, that sellers were fighting back and gaining more control, thus we may see a really nice reversal at the beginning of the week.
The price reached the support area at the end of the week and formed very nice indecision candle. From the technical point of view, there's a potential for it to reverse, so I'll be probably watching the very first hours of new trading week to see the outcome.