Price looks to be forming a reversal pinbar on the 4HR chart which is also in confluence with previous resistance and R2 Weekly pivot point. Wait until the end of the 4HR candle stick and a close below the candlestick low for confirmation, or a 50% retracement of the pin bar body for entry
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...
Pin bar strategy off the MA starting with a nice bar off the Bollanger band on the 15min chart. When you see these don't hesitate to enter for intraday trade! High probable trade here! Zoom out a bit and the daily doesnt look as good. As always use proper risk management and trade smart! Please hit that like/follow button!
ROKU dipped below a resistence-turned-support @ 443 briefly to test close to the 21 day moving average before closing as a pretty bullish pin bar on Wednesday. The stock has only retraced less than 50% of its recent AB swing up and has held well yesterday despite the overall market sell off. Expecting this stock to continue it's uptrend with possible near term...
So far the near term support zone (13550-13590) - which was a resistence-turned-suppport - appears to be holding. Nasdaq dipped below this support to test the rising 21 day moving average before closing above the support again with a bullish pinbar (not the most bullish pin bar, but still bullish looking nevertheless). Futures are currently holding above this...
AUDUSD Australian Dollar (Parallel Channel and Pin Bar Candlestick) Note: Pin Bar, Engulfing Bar, and Inside Bar
CYRN just had the "golden cross" where the 50 DMA crossed the 200 DMA. TRIX and momentum are also trending up. The weekly and monthly trend keep hitting higher lows, but there seems to be some resistance at the 200 WMA. Further, the monthly chart has triple top "pinbars" indicating selling pressure, keeping the price below the $1.80-$2.00 zone. I'll be looking for...
Price Action Signal occurred at price level 158.251 as expected in the form of a Pin Bar. Trend: Up Level: 158.251 Signal: Pin Bar Notes: Pin Bar formed on 12 Feb 2021 at 06:00.