Some Fibonacci confluence at a strong structure zone and a trend line resistance. Some bearish pin bar candlesticks have formed at this level to go along with MACD bearish divergence Looking for a big correction to the downside
There is a D1 Pin Bar bias, i will play the initial downward response then when everyone puts there stops at break even sell again at the head of the pin bar trapping those traders.
The Aussie has formed a descending double top on the weekly charts and confirming pin bar followed by bearish engulfing candle on the daily for a high probability short trade with favourable risk to reward targets. One good characteristic about this double top is the exhaustion candles (defined by the large wicks) that haven't reached the heights of the previous...
The Kiwi has been loitering around the 0.73 mark for some time and has posted a significant pin bar on the daily that pushes into the significant resistance zone however closes weakly below. This is followed by a retest of half of this candle with a weak close. This presents a high probability set up for continued falls over the coming week(s). The profit target...
Gold , Double Top, retest broken trend Three bearish candles . important level 1313 1300 1360
AUDUSD 4H PIN BAR This Pin bar tells me the Selling pressure is really strong. I am going to use a Sell Stop Order to trade this Pin bar Entry: Sell Stop at 0.7688 SL: 0.7740 Target: 0.7465 Going to airport now. See you guys later.
As Mentioned 2 weeks ago we went long on a nice Price Action setup (pinbar) and were Aiming for a 0.728 Target and a nice Return on investment of 3.51. Hope you enjoyed this trade Price Action Tracker Skype: PriceActionTool stocktwits.com
EURUSD PinBar Price Action at resistance zone 1.113-1.118, Potential move to the downside from this zone. Target: 1.086 for a 2.8 ROI Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com
Yesterday I posted this: With a conservative short TP at the .786 fib. The pair has now dropped to the 1.618 level and is showing us several signs of bullish confluence, indicating a rebound is in order. A falling wedge/Wolfe Wave is complete and is pushing the upper retaining resistance line. Pinbar support has also formed on the 1HR chart at a key level:...
- Previous structure high big turning point after brexit - Market printing a clear range between brexit high and low @0.83289 - Bullish rally from 0.83 - Price stalling on all timeframes especially the daily printing indecision / strong wick rejection at this level which we'll be using for our entry signal - Entry at the low - Stops above the most recent high
AUDUSD Significant Pinbar Price Action at resistance zone 0.763-0.767, Potential move to the downside from this zone. Target: 0.738 for a 3.11-1 ROI Happy Trading
As mentioned last week wewere waiting for a bullish evidence (significant price action) for a potential move to the upside the support zone. We entered the trade on a very nice significant pinbar (Aug 2nd), we are now at 2.8 ROI and approaching our 1st management point ( the 1.073-1.077 zone), if price break this zone it could go as high as the next resistance...
- Simple setup and Entry - Market printing clear LH and LL's - Market stalled at 76. retraced back to 78. Making a new LL and LH - We have a short term preceding trend to the upside - We are going to use this preceding trend as a short term reversal for a long term trend - As some like to call it a correction in a downtrend - Entry at the low of the indecision...
For those who went short 2 weeks ago on this bearish price action pinbar, we were aiming for 101.2 and turned a nice 4.5:1 ROI. Well done guys Price Action tracker Skype: PriceActionTool stocktwits.com
fibonacci confluence+channel line+pin bar+resistance SL:1.4656 TP1:1.4532 TP2:1.4473
FX:AUDCHF short Description in detail on the chart
AUDCAD Short @ Pin Bar, .236 Retracement, Resistance, Rising Wedge Pride @ Back side of up trend line Rising Wedge @ Daily Divergence I WILL WAIT FOR CONFIRMATION ON MONDAY BEFORE PLACING THE ACTUAL ORDER. Proper Money Management is key To Success!