This is an update to our double bottom that played out very nicely.
I'm done being bullish on Sushi and am now full on bearish.
There is a Bearish Pinbar that could send us all the way down the support zone of $4.14 - $3.50.
As you can see price making a bearish pinbar exactly at 61.8 fibonacci level.
We might see price drop from this level so i am planning to sell it here.
Sell GBPAUD 1.8420
Stop loss 1.8470
Take profit 1.8200 (4.4R)
Use only 1-2% risk
Good luck
2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
Bearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone.
Confluences:...
Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
Share your opinion in the...
Hello my friends,
Before i start with today trade ideas, let's review some of the trade i took yesterday.
There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions.
Both trades now closed with a nice profits.
First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit
Second trade is GBPCAD which i closed...
Hello my friends,
I found something interesting with GBPAUD pairs.
As you can see, friday candle close was very interesting.
After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session.
The result of Friday movement is the daily candle became a bearish pinbar candle.
I would say this...
Hello my friends,
Today we are going to trade with EURUSD.
As you can see price has been moving up respecting the ascending trendline for 1 week.
Today price finally closed below it on a 4hr timeframe and it also looks like price making a small double top pattern.
This could be a bearish reversal pattern so we are going to try selling EURUSD now.
If you look at...
Hello my friends,
I hope you all enjoy your weekend and have a great trading week during this US Election week.
I am gonna share some setup for you all but before i start, let's review the previous week performance.
First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade
Second poisition is GBPAUD sell at 1.8300 which...
Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright!
AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and...
Elliot wave analysis top of 5th wave of 5th wave. Bearish pin bar adds to confirmation. Cycle lines added to project correction over next 10 years. Have fun:)
STRATEGY: Support/Resistance Trading Strategy
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition: Ranging
Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936
Entry Trigger:
1H: Bearish Pin Bar
4H: Bearish Engulfing
Entry Price (EP): 1.46725
Stop Loss (SL): 1.47432
Take Profit (TP): 1.44753 (2.79R)
...
Entry was at 50% if it comes again you can reenter
this is a swing trade on the daily time frame
3 seperate tps you may secure partials at each level
or 3 separate positions 3 tps
this is a trade idea take at your own risk.
AAPL has gone up a ton in the recent days especially after the news that Buffet has been stocking up his position.
However it seems that now it is a bit overbought and with the bearish pin formation, this could be a good short setup as well
