TomFX13

TomFX13

Confluences are ; 1. Weekly pin bar off key support 1.0475 2. D1/4H trendline break 3. Fib 38.2 rejection with double bottom

TomFX13

Confluences are ; 1. Prior day's high rejection with 3 pin pattern 2. Double top formation 3. TL break & retest

TomFX13

Conflunces are ; 1. Rising trendline break (D1) 2. Price current in prior day's high zone 3. Price inside a channel's top

TomFX13

Confluences are; 1. Monthly key resistance 0.8750 2. Daily Head & Shoulder pattern 3. Monthly Bearish Engulfing Bar 4. Fib 50% rejection

TomFX13

Confluences 1. Decending Channel 2. Beaish Pin bar 3. Double Top formation

TomFX13

We have a Pin bar formed on H4 chart showing rejection of support level, however, due to the overall indecisiveness, target is only 45pips (previous swing high) with SL placement below the bullish Pin Bar Confluences 1. Bullish Pin Bar @ support level 2. Rising trendline 3rd touch point

TomFX13

Confluences 1. Bearish pin bar formed at key resistance 0.7700 2. Price currently at the top of the triangle pattern & long term downtrend line. 3. H4 chart Rising trendline Break & retest

TomFX13

Typical key level Break & retest setup, price found support @ 0.73700 key level ( previous resistance) Target 0.75500 region Stop : 0.73200

TomFX13 Updated 

Bullish engulfing bar formed right above rising TL & support area.

TomFX13 Updated 

Daily candle closed convincingly bearish alongside the weekly bearish Price action, the previous broken support is also retested as resistance. A Counter trend line is also broken in the 4H timeframe. Selling this pair with SL above the resistance.

TomFX13 Updated 

Bearish engulfing bar after a spinning top? Potential lower high.. } Confluences : Bearish Engulfing Bar Price rejected Fib 38.2 Retracement level

TomFX13 Updated 

-Falling trend line broken, price is currently retesting key level support & the broken trend line. -On the weekly chart, a bullish engulfing bar formed indicating sign of buyers getting in to at the level -Took a Long trade as a Hourly bullish pin bar formed around the confluence zone -1.92 Risk to reward ratio on this trade.

TomFX13 Updated 

- Price rejected from the support with a Pin bar - Broken trendline retested - Fib 38.2 support

TomFX13 Updated 

- Perfect pin bar closed above support level & broken C.T.L alongside strong weekly Price action

TomFX13

Bullish bias on this pairing alongside with the confluence of weekly bullish Price Action.

TomFX13 Updated 

Trading plan for USD/CHF for 4 hour time frame, will only take the trade if satisfactory Price Action setup forms at the buy zone stated in the chart.

TomFX13 Updated 

Triggered short this pair with the confluence of - Falling TL - Fib level - Resistance retest - Bearish Engulfing Candlestick setup

TomFX13 Updated 

Price stall at the Trendline , Support and Fibonacci retracement confluent point. Awaits Price Action confirmation to trigger, Four confluence on this trade alongside long term bullish outlook for Dollar Yen. Happy Trading.