Pair is in a bullish sidewards range bound channel. A daily pin bar rejecting the 8 and 21 EMA's has formed. This can be seen on the 4h chart as a bullish engulfing signal. Look to go long on a break of the doji (pin bar) or better still, wait to see if price retraces further towards to 8EMA before entering long as this will give a better R/R.
gartley+61.8+1.27+strong support+pin bar SL:71.60 TP1:74 TP2:75 TP3:76.80
For those who went short last week on this bearish Price action pinbar, you should be over 3:1 ROI, the aim is still to reach 101.2 for a nice 4.5:1 ROI. You can move you Stop loss and keep an eye on Bullish Price Action to get out of this trade. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share...
EURAUD is still sitting on key level support and just formed a bullish pinbar. Ideal entry would be 50% range of the pinbar candle and stop loss is below the low of that pinbar with at least 3 to 1 risk to reward ratio. Trade safely.
USDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar...
AUDUSD sell setup for next 6 weeks .236 retracement of weekly down AB Boundary Bearish Shooting Star/ Pin Bar followed by Bearish Engulfing Candle Target 1.618 Fib Extension Stop15 pip above Previous High BUT I WILL GO TO 1H AND 2H TIMEFRAME FOR SMALLER TRADE USING FIB, COUNTER TREND LINE BREAK, SUPPORT AND RESISTANCE AND PRICE ACTION
fibonacci ratio confluence+strong resistance+pin bar+over bought SL:0.7260 TP1:0.7120 TP2:0.7055
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
NZD/USD may be slowing down its momentum and could provide a nice opportunity for a quick trade. -Pin candle formation at resisitance/swing high on 1H chart -Pin candle formation on daily chart -Stochastic RSI about to cross in overbought territory -MACD bearish divergence -RSI bearish divergence
As mentioned last week, We went short on a nice pinbar. We are still aiming for 1.087 target. (2.86 Risk / Reward). Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter and Stocktwits, i ve asked Tradingview to add Facebook and Linkedin. . If you d like them to add those 2 extra...
Possible retracement about to occur. There has been a strong uptrend with no real pullback, 2 candles of indecision at major resistance area could mean a possible reversal. Sell order placed below previous candle with stop loss above the previous swing high, take profit at the 0.5% Fibonacci level.
As mentioned last week, EURUSD was at strong resistance zone and we were waiting for a good Price Action to go short. We entered a trade with a 2.86 Risk / Reward with a 1.087 target. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter and Stocktwits, i ve asked Tradingview to...
Potential for more Bearish momentum in the upcoming week. Let's see how price reacts to the area around 1.09700
PRICE ACTION TRADE I just share one potential pinbar weekly trade with risk reward 1:1 . Happy trading to all :-)
We entered this trade 3 weeks ago, we were waiting for a bullish evidence (Price Action) near the highlighted support to go long, and this is what we did when we saw this pinbar on June 16th. For those who went long and aimed for a 3.6:1 return, be patient but watch out for bearish evidence to exit this trade (you should now be very close to 2:1) Happy...
Hello Traders, As we are drawing closer to the EU referendum, and a potential BREXIT I would like to post my bias. We have an abundance of confluence supporting a continuation of the overall bearish trend of the GBPUSD. We have the 200 EMA acting as resistance, which has held after being tested on a number of occasions. We are currently at a resistance zone...
Indication of a market retracement. Possible bullish abcd move at 78.6 ( 38.2% fib completion )