This is a market we have been discussing heavily in recent times. Price has been holding at the intraday price flip support level and consolidating. As discussed yesterday, for price to make any sustained moves back higher it would need to bust through the intraday resistance. Whilst price attempted to make a move back higher in the previous session, it ended...
Reasons : In AUD/JPY price protected by serveral important factors which: 1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100 2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060 3. Our Trade Stoploss protected by nice trend line (...
BTI formed a reversal pin bar on the weekly chart last week. A close above last week highs could present a long idea. Long above R580 with R600 the first point of Resistance.
considering that the price is at a strong resistance with so much confirmation the price will be short
The bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows...
SHP has held R100 more than once last week and managed to hold. Made a nice pin bar reversal candle on Friday as well so a long will trigger if we have a close above R102. First target at R105. Stop loss would be a close below R100 on the daily.
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...
EURGBP H4 membentuk bullish pinbar - dan ketahan di support trendline... selengkap nya silahkan liat chart.
Bearish pinbar on 4hr chart, stop loss@1819.5, take profit@1796
Bearish pin bar on 4hr chart, stop loss @41.15, profit taking @40.00
The dollar had been fluctuating a lot for the past few days, it's not a bad idea to look for some minor pairs' trading opportunity. Here we got this AUDNZD bullish pattern, I'll be willing to take the breakout long on the hammer. Let's see how it goes yo!
Confirmations: Price is touching the strong support zone. Price is gaining momentum near the trend line. Price is also near the 6.18 Fib level. We got a bullish pinbar candlestick confirming our entry
IOTAUSD Parallel Channel + Pin Bar Candlestick
Hello traders! With this stock my idea is to go long placing a target towards the price resistance previously formed. The reasons are: - nice bullish pin bar - Bearish momentum is getting weaker - Stock price is in the green Ichimoku cloud Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
GBPAUD long idea based on fibo and pin par from support
This trade is not for the fainted hearted! Buying on a strong down day is almost suicidal.. although less so if it's a "calculated" risk backed by technicals. Hence this is more for technical discussion and not an "inducement to trade". :) SE plunged to 50% fib retracement of the recent swing up, a nearly 14% drop all in 2 days! However as soon as it tested...
After hitting a high of 23.58 recently, DBS has been pulling back in the last 2 weeks cumulating to a low @ 20.63 yesterday but quickly recovered to close a bullish pin bar. Now it that has "successfully" tested the 50% fibonacci retracement of the recent swing up plus having worked off the overbought position to near term oversold now. It looks ready to resume...
USDCAD has been consolidating at the 1.35400 zone after making a falling wedge pattern on the 4 hour timeframe before consolidating and making high highs and higher lows shortly after, ending the previous day on a bullish pinbar candlestick rejecting the 1.35400 zone. We are likely to see the price going bullish all the way to the 1.38500 zone. Thanks for...