Pin bar on daily chart means this pair could gradually turn our attention to the downside for few days. Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low. Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA). if today price closes below 38.2% of...
USDZAR as been correcting this year and is potentially goin down to the upward weekly trendline. Im now looking for a basic structure trade inside the 4H trend that developed due to the correction. Pinbar and doji showing rejection inside the the expected area and risk reward is pretty nice.
Great opportunity to long the aud usd with high reward from daily support and close to 0.5 fibo retracement
EURUSD has now broken through resistance at 1.143. Momentum looks strong enough to keep pushing higher, possibly to 1.1700 but I have a feeling that some traders may take profits before then so I'm going to set a TP1 at 1.1600. SL is tucked below the pin bar, 8EMA and previous support level at 1.1430. I've used the 4hr chart for entry....
Shorting this daily butterfly within channel + Weekly consist of a pin bar.
There's a nice pinbar on the 4 hour chart that could indicate another reversal. If price makes it moves down enter for a good 1:2.5 RR trade. Comments or idea's. Let me know below :) Thanks for reading!
Followup to last weeks idea (link below) Setups is pretty simple. Breakaway from support (now resistance) and now a retest with decent confirmation due to the pinbar. Im looking for a bigger trendcontinuation following the older ideas so my stops is conservative above the rcent swing at 155.50 but u can also place above the pinbar with more risk of gettin stopped...
Im not trading stocks but after randomclicking and reviewing a few of them i found this nice setup and thought i just share it. AAPL seems to be in a corrective structure on a higher view. we now retested a possible important trendline in this correction that happens to also be at the 618 retracment of the recent downmove. now it seems we doubletopped in this...
USOIl retesting resistance at prior structure. we double topped (which was also a pinbar on the daily timeframe) and confirmed the double top by breaking blow the neckline as well as the trendline. nowe we are currently retesting recent structure (deeply). i sold the 50% retracment. you can also look for reversal signals on a 5-15m timeframe if you like. im just...
This is a very predictable and classic pin bar pattern. We'e clearly rejecting the 0.76 level, which is also an EMA layer of support as well. Also, with the retail crowd being heavy short this is a great chance to buy. I'm looking to buy at market asap or maybe 0.765 if I'm lucky and targeting 0.803 (1.618 fib ext) into the 0.816 area.
I have entered a buy stop on USDCAD at 1.3015 with a stop loss at 1.2845 due to the daily pin bar and rejection off of the two lowest red bars, two strong levels of support that price has rejected. If the 1.2845 level is reached before our buy stop has been triggered then this trade becomes invalid and I will cancel the order.
I'm going short on the EURUSD because of a 4 Hour pin bar that formed and met my rules analysis. The pin bar formed and then the next 4H candle moved up to touch the R2 pivot line which coincided with the fib retracement lines that I drew on the fib line itself. My entry price is 1.1335. My stop loss is a few pips above the pin bar high at 1.1377. I've set my...
There's a pin bar at this moment on the 8 hour and we're at the top of a channel. If price makes a lower low, I would expect price to break the bear flag (price made 3 pushes up) and at least move down to around 0.78. The SR zone around 0.784 can be a partial Take Profit area. Comments or idea's, please let me know! Thanks for reading :)
AUD/NZD presents a fantastic short opportunity on the Weekly chart. A pin bar formed at major resistance, although there are some trouble areas closer to CMP than the target area.
Aussie Dollar today bounced off of a key area of resistance at around 0.757. I have an order to sell AUDUSD at 0.7485, a break of the pin bar's low. Our first target is around the 0.737 level.
I'm looking to short GBPJPY at around 160.50, a break of the daily pin due to confluence with a support turned resistance level. We also have some nice downside potential for this trade.
I'm already long this pair, and moving over to the Weekly you can see a beautiful pin bar forming at the bottom of the channel. There's little in the way of Supply ahead of an extended move higher, so i'll be keeping the HTF in mind with this trade.