Pin bar formed at support line. Enter Trade at the nose of pin bar. Place stop loss below the pin bar tail. Or place stop loss using 50% retracement of pin bar for better risk to reward ratio. Target price is the next resistance line (ceiling).
NZDJPY market is overall in bearish bias but the market formed triple bottom on daily time frame with small tail pin bar on weekly TF from a strong support . On daily TF market printed bullish Price Action signal showing a reversal from strong Daily/Weekly Support Level (72.50-72.25). I suggest Bullish reversal upto 73.60 and 74.30.
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Any post/comment...
Eurchf printed Bearish PA signal in trend with confluence of Level,Signal,Trend and EMA. Marker is at daily and weekly resistance level(1.1450-1.1490) on pullback but printed signal on h4 sellers can enter now or can enter after daily bearish close for target 113.10 and 112.20 area with stop above resistance level.
Disclaimer:
Any post/comment is not a trading...
I am looking for short at red line area which also happen to be in the level 61.8 Fibo. Expecting price will turn to resistance before going down to the swing low. Remember to wait for CRS, and never instant sell. Good Luck, Regards, Ejaz Mian
Im looking for long for USDJPY as there are few Price Action in 2H that signal for long. You can take your profit at the level shown above, but as for me, i will wait to TP at the highest high. About 200++ pips or more.
Upon looking at Chart from Weekly down to daily, we can see that price has break and rejected the support zone. If a price close below the support level then goes up again, i call it a Fake Bear Breakout. Let see what will happen next, here is my prediction:
1) Red lines represent the Outer and Inner trendline while the blue line is a connecting line of a low to...
GBPUSD Market over all trend is bearish .Previous week market printed giant engulfing from resistance level showing bearish momentum. Market break the support level 1.3050 and printed bearish PA signal aggressively on pull back of broken level. Confluence Factors that support out trading view is trend bearish bias, horizontal level and Price action bearish...
Hello everyone,
After end up a week with the USD gaining some power. I believe its time for a correction and this week we are approaching some opportunities.
What we have in the FX:USDCHF asset is a retest on a downtrend that is alerting us for a possible sell.
With this retest and expecting a stronger Euro, I’m personally looking to sell the asset thinking...
Inverse H&S Pattern
Fib %50
Good support zone (green rectangle)
Left to right shoulder divergence
Wait for a clear PA entry and we can jump in from the right shoulder, we can have a second entry after breakout of inverse H&S pattern or wait for the pullback.
Possible Targets
TP1 = 0% Fib
TP2 = -0.2720% Fib
TP3 = = 0.618% Fib
Good R&R.
Peace!
Audnzd Market is in bullish Channel and market is near to break the channel and Formed H&S pattern on daily time frame. The market has hold neck line which is support level 1.085 . Wait for market to break the channel and horizontal support 1.085. A daily close this level will open the way for 1.065 which is next level. Setup will be valid only if the market...
