Pin Bar formed on Exponential Moving Average (EMA 10). Long position.
In about 11mins, I'll make a decision should I short GBPUSD again? Well, what would make me enter my trade? Only 2 conditions I'm looking at, 1. The candle cannot break and close above 1.4172, not even 1pip. 2. A long shadow candle with the long wick above the candle body. Let's see how it rolls out.
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.
Hey traders ! on chart you can see four signals telling us queen of cryptocurrency will Rise.. 1. a positive divergence on stochastic 2.RSI is in oversold level which means a uptrend at soon future 3. price didn't break selected support zone 4. we see 2 pin-bars highlighted on chart that confirm uptrend i think these 4 signals are as powerful as to determine an...
Yesterday's pin bar close could be a sign that selling is getting exhausted. With trendline support tested (and rejected) twice in a week, the odds appear to be in the bulls favour now. Hence I am cautiously bullish at the moment. To be doubly sure, wait for a break up of the near term trendline (in green) to get bullish. However, should NQ break below the...
LTCUSD Price broke 334.86 support resistance level. Price pulled back into exponential moving averages and formed a pin bar. Entry at pin bar candlestick closing price.
Entry at the EMA 10 EMA 20 area. Stop loss above the EMA 20 numeric value.
The open|close price is beneath the EMA 10 and above the EMA 20. Open|Close Price is in the EMA 10 EMA 20 area. The high price is above the EMA 10 EMA 20. The pin bar is located at a higher low.
On the H4 Chart, the best entry was at the closing price on 18 Apr '21 at 19:00. Wait for the next Pin Bar to occur on the H4 Chart. The Pin Bar to trade should have the Open High Low Close near the EMA 10 EMA 20 values.
W pin bar. Break of tend line is another signal for bullish. $pltr
After a break out, wait for the right moment to enter. Don't be in a rush to enter the market. Wait for confirmation of the trade set up. If trade signal does not occur, then do not enter the market. For SUGARUSD, the confirmation signal occurred on February 4, 2021. See Pin Bar located at the EMA 10 EMA 20. After price breaks a horizontal key level, wait...
Traded USDCHF Currency Pair This Morning Using The Same Strategy. Used a bullish price action chart pattern with a bullish pin par. Pin bar with inverse head and shoulders neckline, EMA 10, EMA 20.
Expecting GBPUSD to retrace to 1.3920 after rejecting off of resistance that has held price within a daily consolidation range for a couple of weeks now. Maybe price gets enough steam after retracing to break out of the range but it is showing signs of rejection at the top of the range on the daily chart and with a pinbar formed at resistance on the 4 hour chart.
Mean Reversion Trade is something that I don't usually trade, but in this case, it looks like the candle close is going to form a long shadow candle within the Weekly Chart resistance area(supply area) providing an amazing Reward:Risk.