Bearish trend continuation confluence trade on the EURCAD 4H. 1. Overall bearish trend 2. 3x trendline touches 3. Retracement to the 50% level from the most recent swing (not closed above) 4. At previous structure swap zone 5. Entry on bearish pin bar (aggressive) Entry: 1.35429 Stop loss: 1.36152 Take profit: 1.34001 Risk/Reward: 1/1.98
hello everyone Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames). For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and...
We are expecting the price to continue the uptrend and retrace to the 78.6% Fib Zone. The Stochastic Oscillator shows the stock is oversold, which indicates a probable pull back to the upside. Also, the price is currently at the lower part of the Keltner Channel, therefore we are expecting it to bounce back and create a higher high. Entry: 24 Invalidation:...
Hello everyone Good title,right? On daily chart on DYDXUSDT, we have good amount of structure and context for a reversal. I know many people may say" that's a bear flag right there ", yes with a pinbar rejection and a weekly wedge and higher lows. That's why the price is more likely to touch the 4.55$ or the bottom trend line again ( because of the...
Hello everyone After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy...
Hello everyone On the daily chart of SHIBUSDT, we can see a very straight(odd) bull flag pattern ,we also have a wedge pattern on weekly chart that shows a lot,and on daily we can see long shadows on the last 3 candles and the middle one is a Doji. With the indication of the things I just explained, we can have a rise close to the trend line and with the hope...
EURUSD has reached the previous low and now we want to see if it will be able to break below it. If the breakout is unsuccessful then we could see a pullback to around 1,0900. If that would happen then ideally we want to see another test of the low with a wick below it but a candle close to the upside. That could also signal for aggressive entries with stops...
after formation of great pinbar candle in weekly timefram with bullish engulfing candle and formation of inverted H&S pattern in 4h and daily timefram ... i will go long with GBPAUD specially after breakage of the neck line (NL) ... goodluck.
OANDA:US30USD bullish pin bar with a long wick indicating a continuation of bearish trend with price breaking out of consolidation zone. A retest is likely and will continue bearish trend
AUDCAD uptrend broken outside Daily channel. Please see analysis for my next move below. Your thoughts are always appreciated 😀 Analysis Break of Daily channel. Rejection off Hourly resistance - Bearish pinbar. Downtrend. Entry Entry: 0.93760 SL: 0.93852 TP1: 0.93462
GBPCAD fallen about 1000 pips in March, weekly has now formed a pin and we can look to buy some GBPCAD and aim 1.67/1.69.
After broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order. If the price show reversal pattern (can be pin bar or engulfing candlestick) in the...
We are at the end of March and M&M's monthly chart has formed a huge pin bar which suggests bullishness. I'm buying M&M at current market price (793) for a target of 979 in the next 3-4 months. This is a Positional trade, so no stop loss. NSE:M_M
One of the most important skill that you need as a trader is the ability to read the market structure, it is a critical skill that will allow you to use the right price action strategies in the right market condition. You are not going to trade all the markets the same way; you need to study how the markets move, and how traders behave in the market. The market...
Hi Trades, today is Friday, March 18, 2022 . EURUSD is at daily resistance and there is a pin bar candle at m30 I speculate it will go down to the strong support 1.09165. If the bearish pin bar doesn't work well, exit at 1.11602 Don't believe my analysis right away Do your own research Thank You
Hi Trades, today is Friday, March 18, 2022 . EURUSD is at daily resistance and there is a pin bar candle at m30 I speculate it will go down to the strong support 1.09165. If the bearish pin bar doesn't work well, exit at 1.11602 Don't believe my analysis right away Do your own research Thank You
- Daily Chart >> Previous daily candle ended with a bullish pin bar signalling a possible correction after a long fall. Price to be corrected to meet moving averages or retest previous daily resistance level around 1.525632 -1 hour chart >> Triple moving averages (13,21,55) crossed towards the up side providing further bullish confluence. However stochastics are...