Silver's weekly candle charts have now thrown 3 bullish candlestick patterns in a row with a triple pin bar setup, and the final pin bar also acting as a bullish engulfing bar. This setup is offering an attractive risk:reward for a bullish upside breakout.
Watching for bullish price action confirmation at this demand level on USOIL. But if price breaks this level it would invalidate buy set up!
GBPCHF IS BULLISH. BULLISH CANDLE AFTER A PINBAR. NEXT SELL WILL ALSO START FROM PINBAR CANDLE.
Pretty text-book at this point. A bull trend with a small pullback to support. A large bullish pinbar forms. Then price pops up to new highs. This is likely the pinbar that gets ETH up into the 180's.
Here is yet another feather in the bulls cap. This time it is an inside bar / pin bar pattern on the weekly charts. The weekly signal tend to be strong and this specific pattern combo can have an exceptionally strong breakout potential. Add those two things together and we may be at 200-220 sooner rather than later.
GBPAUD 4hr: Price stop hunted and failed to break prior day's high forming double top. All pounds appear to be setting up for another bearish wave!
We noticed a Bearish Pin Bar formed after a breakout of the ascending channel which we know as the corrective structure and we are resuming the Impulsive move. The weekly pin bar is a good sign that market is gonna move to the downside. We would analyze the lower timeframe for more confluence and more confirmation
Clear rejection candle of support level indicating a bullish momentum
Reason to Buy 1) GbpUsd - Uptrend movement 2) 2920 - 2980 = key support area 3) Bat pattern = potential reversal Waiting for Bullish Pin from the Buy Zone highlighted in Red. Stay tuned and please follow.
In this video I touch on a number of candlestick patterns that have formed on the Weekly, Daily and Hourly candlestick charts. I also point out the *big one*, which is an "inside-bar pin bar fakeout" pattern.
Pinbar/Doji off of Fibonacci level and previous resistance turned support. Waiting for price action and volume. Setting entry at a break of previous day's high. Pinbar/doji didn't break previous price levels which can be an indication that it may not reverse, though
Pinbar off of 20 ma. Also hits 23.6% Fibonacci level. Seems to have a history of respecting pinbars too. I am waiting for price action and setting my entry a little above the previous day's high. NASDAQ:TXN
pinbar in 30m chart at the resistance area its a easy pip trade. First t.p is at 0.8987 and second is at 0.8950 i am selling it to the next support line wit very small S.L
FX:EURUSD is in the mini uptrend channel. Pin-bar formed in yesterday's trading. Pin-bar is also at the S/R level and also the 61.8 Fib retracement level at the daily timeframe. long positions can be taken with the target at the value of 1.271 fib retracement level
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
Setup: Pinbar Buy @ 1.08586 TP @ 1.11260 SL @ 1.08239
Resistance reached There's pinbar
Oil wave 2 to wave 3 Elliott. Probably strong bullish open 19/12/30. Breakout TL.