pinbar at resistance sell below 333 sl 338 for 327
Confirmations for short: MACD Divergence butterfly extension completions Bearish pinbar fib channel confluence
Long idea. I have my main chart set up on my other platform, so i have all my reasoning to enter. Im just showing you where i believe its going. This is just a free post
Confirmations for short: MACD divergence Butterfly Extension completed Bearish pinbar Fib Channel confluence
In USDPLN we have a nice bullish setup on the weekly charts with a bullish inside bar / pin bar fake-out that has formed off of the bottom of a rising triangle. There have been numerous attempts to break out of this rising triangle, with a number of the attempts producing bearish pin bars which saw price drop immediately lower. Even so, price has continued to...
The EURUSD has formed a bearish inside bar / pin bar fake-out. This has formed on the weekly charts. There are a number of things to really like about this setup: not only is the pattern itself large and well defined, it is also setting within a larger overall bearish trend, and has formed just beneath some key resistance levels. It really checks all of the...
An inside bar / pin bar fake out pattern has formed on the XLE weekly chart. This pattern has formed just below a key resistance level as well as the 50% retracement of the last swing high/low, which is exactly the area we want to see this form. One negative with this setup is that price has formed a very sharp v-shaped reversal off it's lows. That doesn't mean...
The AUDUSD has formed a bearish pin bar setup that is very similar to the NZDUSD. The big difference is the bigger price action picture. The AUDUSD is the weaker of the two, and may end up providing more downside if price breaks down in a major way, but I think both charts have attractive setups worth considering.
The NZDUSD pair has formed a nice, large bearish pin bar. The pin bar has a lot of positives going for it such as a very large upper wick, narrow body, and also the fact that it has closed below the upper trend line of the pennant that is currently forming. The negatives with this setup that I think weakens it a bit is the fact that price is still contained...
Silver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less...
In DXY we have an inside bar / pin bar fake out pattern that has formed on the weekly charts. This pattern is considered a bullish pattern and has formed within a larger bullish pennant pattern. Last week we saw price break out of the pennant and then pull back in, setting up a short-term bearish scenario. That saw price drop all of the way to the bottom of the...
It's been so exciting to trade GBPUSD these days, which is actually a heaven for momentum traders! I hardly use limit order to trade this pair for quite a long time with regard to how it reacts to news. Accordingly, I am much more interesting in those stop orders trade! Here we got this daily demand zone, bullish gartley , and 15min hammer combination trade. A...
Sell below 746 with sl 754 for 738-730
Bitcoin update: Even in the face of a bullish pin bar, it is still reasonable to say that this market is going no where fast. Candle stick formations are random and what gives them any analytical value is WHERE they appear. Since our swing trade exit at 4125, we have been PATIENTLY WAITING for a setup that offers attractive reward/risk. The typical trader craves...
Analysis -EURNZD looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline to the upside. -There is also bullish RSI...
DOWNSIDE STRICTLY sell below 631 with 640 for 626-616
sell side: STRICTLY: below 1236 sl 1242 for 1231-1225
We can see that the price on the daily chart has tested EMA 50(HIGH), EMA 100 & 200 too. These could be big supports for the USDJPY pair. It is testing another monthly support (all red horizontal lines). The next demand zone might be at the bullish trendline, where we need to see a confirmation at least on 4H chart. It looks like there could be a pin-bar on the...