Hay guys, We have a rising wedge and this bearish pins has formed at top of the wedge confirming a rejection of the break and a sign this could be a momentum change in direction.
Looking to get in early of next week.
This pair could be getting ready for a huge break to the downside. A break of the wedge last week but i feel this pair will retest the confluence of Resistance first before making its move to the downside. Look for bearish PA around 142.50-143.00 area.
So this one we are going back to our original 2 order strategy at 50% retrace of this pin bar, we shall bag our profits on the first target for one of our orders and then move our SL to +25 pips for the other order. That is basically how we usually trade. Lets watch how this turns out.
This pair has produced a great pin bar last week at the top of a run up. If this is indeed the end of an impulse then we could be in for a huge gain here. The Pair is well away from the 50-200 EMA and we look to short at 50% retrace of this pin. Note three targets underlined in blue.
This is a great pair to trade this week. You can really see the trendline break and retest but last week produced a bearing engulfing so we are looking to sell at 50% retrace which happens to be at resistance which makes great confluence for this trade.
Hi Guys, a new week a new trading idea. This one we have been watching for a while now, GBP has bullish PA all across the board after last weeks trading and right now this pair has produced bearish PA after bearish PA so its looking very clear that this pair is at the top of it's run up for now. We are looking to sell at 0.8840 with 4 target prices in blue. Happy...
A Nice pin bar formed off the weekly chart. Please note the green line is our sell limit, red - stop loss and blue - target price. This could well break even lower, only time will tell. What we do know is that we will be adding to our position all the way down.
Major Support comes in around the 1.6725 region. The last two weekly candles has failed to close below support with this weeks candle producing a doji (pin bar on my other chart) indicating the price will go up.