Not much here to say. Price has reached the edge of the parallel channel and is printing a bullish pinbar on the daily chart. I will be entering after the candle closes. Hopefully to profit in the coming days. Cheers!
The reasons: 1. STRONG WEEKLY Pinbar; 2. STRONG Support zone; 3. Price broken and closed above STRONG Trend line; Entry point: 1.3370; SL: 1.3320; TP: 1.3520 or next Resistance 1.3650; RR - 1:3; What do you think?
The reasons: 1. We have STRONG resistance on 1.3000; 2. It’s maybe going to be a Head&Shoulders pattern; 3. We have Pinbar on 4 hours; 4. Maybe it will be DAILY Pinbar; 5. Price didn’t make retracement for a long time; RR = 1:4 SL - 1.30300 TP - 1.28800 What do you think?
I have been waiting for this trade for a while now, the pair has been catching retail traders on the wrong side for the past week, however, I decided to stay out, trying not to "catch a falling knife"! We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart...
*DISCLAIMER* The weekly candle is not yet closed! That aside, if the weekly candle closes somewhere in the price range it is at right now, we are looking at a very bullish setup. The setup is an inside bar / pin bar fakeout, on the weekly, on major support, and is with the prevailing trend. You really can't ask for much more. It is important though to wait...
AUDUSD is going down during a few days, so better to follow by trend than looking for Support zone. As here is not strong support zone, I suppose that price will go down to the trend line after this Resistance zone. Also we have Pinbar as PA Confirmation. What do you think?
I think the price will go down, reasons: 1. We have Strong Pinbar on 240 TF; 2. We have Strong Resistance Zone; 3. The price touched Trendline; 4. 50% of Fibo; 5. Stochastic is overbought; SL: 1.10100 TP: 1.08800 or 1.07800 Let me know, what do you think about it?
We can see a huge pin bar which could be interpreted as price rejection. Price stuck in an extended descending channel. I would expect a continuation of the decline to the $180-190 level.
The reasons: 1. Today we had 1 new coronavirus case in Switzerland; 2. Daily Pinbar from STRONG Support zone; I think the best way for entry is on 50% of Pinbar. The target will be on the next STRONG Resistance zone, near 0.9840 Let me know, what do you think about this analys? Thanks!
I think price will go down, the reasons: 1. Every day we have a lot of Coronavirus cases in Europe; 2. Price cannot break STRONG resistance line on 1.0880; 3. We have Doji on Daily Timeframe; 4. Doji touched EMA 21; 5. We have Pinbar on 240, like entry point; Let me know, what do you think about this analys?
We have support zone and weak Pinbar. I think price will go up to the next resistance zone, so I’d like to buy on 50% of this Pinbar with SL on 1.3268. What do you think?
We have strong support on 0.9760 and it's going to be Daily Pinbar from this support zone. If Pinbar will close good, also this pinbar is from EMA 21. I'd like to buy on 50% of this pinbar. It's 0.9790 level.
We have support on 1.28800 and it's going to be Daily Pinbar from this support zone. If Pinbar will close good, I'd like to buy on 50% of this pinbar. It's 1.29200 level.
We just went long on this one after lots of preparations we believe it is a good time to go long. We reviewed the EUR vs all major trading pairs and there are good chances of a bull reversal, on the other side the USD looks pretty weak and even the DXY agrees... maybe its too soon as its still just Monday and there is so much more info to come out but we feel...
As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed. In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that...
GPBJPY just touched a trend line which is descending since jan/2018 which is the upper line of a descending triangle chart pattern and has formed a bearish pin bar, as I see the price will fall down to touch the lower line of the descending triangle my entry points will be 141.9 that will be in case the price retested the upper trend line 140.850 that will be...
With a firm hold above 1.3000...we could see price head back to 1.3100. But if price breaks through 1.2950, that invalidates the buy set up for me..