Pin Bar
Pin bar on supportBuying at market price @ 0.66069 with
# SL below pin bar @ 0.65804 and
# TP around next resistance @ 0.66993
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Powerful buy signalBuying at market price 0.65437 with
# SL below the pin bar @ 0.65108 and
# TP at previous swing high @ 0.66148
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EURUSD 4.29R 154.3 PipsHorizontal Support Resistance, Diagonal Support Resistant (Parallel Channel), Dynamic Support Resistance (EMA 10 EMA 20), Pin Bar.
Enter at Horizontal Level
Exit at Horizontal Level
Enter at 50% Retracement of Pinbar. 50.0 Fibonacci Retracement Level.
Exit at Horizontal Level of the Equidistant Channel. (Target 1)
Exit at the Measured Move Measured Objective of the Flag Pattern. (Target 2)
PARALLEL CHANNEL with Horizontal Support Resistance LevelBreak and Retest of Support Resistance Line. Trade consistently using Price Action. All that is needed to Trade Forex is Horizontal Key Levels (Horizontal Support and Resistance Levels).
Trade consistently using Horizontal Support and Resistance Level with a technical chart pattern like the Pennant, Rising/Falling Wedge, and Ascending/Descending Channel.
Trade consistently using Horizontal Support and Resistance Level with a candlestick pattern like the Pin Bar and the Engulfing Bar Candlestick.
Trade consistently using Horizontal Support and Resistance Level combining a technical chart pattern with candlestick patterns.
Focus on the HIGHS and LOWS. Higher Highs and Higher Lows. Lower Highs and Lower Lows.
And focus on the Daily Close. Focus on the BREAK and RETEST of Support and Resistance on a Daily Close basis.
For confluence use diagonal support and resistance (Trend Lines), Exponential Moving Averages - Dynamic Support Resistance (EMA 10 EMA 20), and Fibonacci Retracement.
For Targets use Measured Objective, Measured Moves, and Fibonacci Extensions.
Trade the Monthly Chart, Weekly Chart, Daily Chart, H4 Chart Time Frames. Emphasis on the Daily Chart. Combining Daily and Weekly Charts Analysis for Trades on the Daily Chart will improve Trading Performance.
"Forex Journal"
EURAUD is in progress of head & shoulders pattern.EURAUD is in progress of head & shoulders pattern.
Read Chart Care Fully
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
Pullback to the fibonacci levelPrice has pulled back and pinned the 61.8% fibo level. A great buy signal (pin bar) on H4 has been completed.
Buying at market price 0.65979 with
# SL @ 0.65705 and
# TP @ 0.67835
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!