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...
Hello my friends, Another setup for today is US100 or known as NASDAQ. This is my first post for trading indicies so i am gonna take it slowly. As you can see price has been making 3 indecision candles in the last 3 trading days which looks like bullish pinbars to me. This indecision candles happened to be at support after price dropping for 600 pips. In my...
Last week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern Little choice for the market but to break out. Question is, which direction? :) PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.
USDJPY had a 0.618 pullback short yesterday and worked perfectly well, here we got this EURUSD 4hr shooting star, which is basically the same as the USDJPY trade. That's the logic: as a trader that using 0.618 as a way to get perspective, no doubt I'll be interested in both trades! Let's see how it goes yo!
Downward wedge indicating the slow down of the bearish trend towards a monthly level. Price has broken out of the wedge pattern with a pin bar with a wick that is 3x larger than the candlestick body.
ZRXBTC nice pinbars on weekly support. IF the price will break the resistance, we can see a new bullish impulse, but if the price will lose the current support, we can see a very long bearish impulse. Now we need to wait to understand If pinbars mean to reverse the trend. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
In recent weeks, the news coming out in connection with the negotiations for additional QE of the Fed, as well as the news about Trump have caused great fluctuations in the markets. A seemingly clear direction can be reversed very quickly. So be careful. Put the Stop Loss and determine the risk correctly. You know that if you have questions related to Risk...
Price move in downward channel, touch upper channel. Pinbar tested and got rejection at minor key level @0.9148 sell @0.9133 TP1: 0.9084 TP2: 0.9
GBPCAD has given a nice pinbar on daily chart to trade. Price has rejected from short term trendline and 20 EMA and closed back below. place sell limit at 1.70338, Stop loss 1.71302, Take profit 1.69289 risk is 0.5%-1% GOOD LUCK!
Pin Bar candles show us aggressive rejection to certain price levels that may help us trade in the direction of the next movement.
Based on the breakout of gold bullish trend line to below and a clear bearish pin bar price action signal the price is likely to continue further down movement to 1907 support level. After a break down from 1907 level it can loss more and reach to event zone of 1866 level.
We discussed this market last week and the important support level that was propping up prices. Price has since formed a 4 hour chart pin bar at this level that has sent prices higher. Price now comes to an interesting resistance. If price can break this, then the yearly highs for this market would quickly come into play for the next bullish leg higher.
We discussed this market in yesterday's ideas and how the recent price action squeeze had snapped higher. Price attempted to breakout of the intraday resistance level, but once again moved back into the consolidation area. This market is building a pretty clear range support and resistance where trades can be hunted on the smaller time frames such as the 1 hour...