Pin bar formed on the 1 hour chart which rejected a 4 hour zone.
The 2 hour chart on AUDUSD formed a doji candle so I am going short and targeting previous support.
I am going long on EURJPY for a quick day trade after I saw this bullish pin bar form on support on the 1 hour time frame. This area is also a Daily level so I am targeting yesterday's Daily high as my target profit.
Today was a hell of a day, I made the mistake of trading 15 minute and under time frames and lost 30% of my account. I am going back to 1 hour and up charts. Slower but so much more reliable. Anyway with this trade a doji printed on support on the 1 hour chart. Hopefully a quick day trade that I will be able to close out in profit before the weekend comes. I am...
Price is rejecting resistance which is also a Daily Level. Going short to previous support
So Oil is at a price it hasn't touched since February 2016. I will be looking to Long Oil being that once this virus mess goes away we will see a demand in travel especially since the summer months are approaching. Overall price is hitting a monthly support level forming a double bottom forming. Will be going on lower time frames to look for bullish activity to go...
Apple is approaching a level which acted as resistance, then broke through so I am seeing if price will hold this as support. This level also is a 50 Fib level so my overall bias is to look to go long on Apple at around the $230 price level if I see any bullish activity.
I am going long on AUDNZD after seeing rejection off of support on multiple time frames. Here on the 6 hour a clear bullish pin bar formed. I will be targeting previous weekly resistance, I will be keeping an eye on it and closing half of my position at 1:1 and then letting the rest ride. Thanks for reading!
The importance of patience and just waiting for the trades to come to you. I saw a pin bar formed on the Daily chart and just jumped into this trade. I should have waited and seen that price still had more room to move down. Yes I am only 30 pips down but still this happens a lot with price action signals. Don't take every pin bar , doji , etc, that you see. Make...
My reasons for entering this trade. -Price testing daily support forming a double bottom -Indecision Doji Candle printed on the Daily time frame at support -This daily level is also a Weekly support zone which makes it even more likely to hold -Trade is more than a 1:2 Risk Reward
My reasons for going short on this pair. -Daily chart printed a doji indecision candle at resistance. -Double top forming -This level is also a weekly resistance level. -Lower time frames also show rejection of this level -Trade is more than a 1:2 Risk Reward
My reasons for going short on this pair. -Daily chart printed a doji indecision candle at resistance. -Double top forming -This level is also a weekly resistance level. -Lower time frames also show rejection of this level -Trade is more than a 1:2 Risk Reward
Sorry for the audio, it sounds terrible but investing in a microphone soon. Thanks for watching!
I am going Long on NZDUSD after seeing nice rejection candles form on support on multiple time frames
I am shorting GBPAUD because I am also seeing AUD strength. Here on the GBPAUD chart price broke through support. I am expecting maybe a little draw down I just went in at market because price is falling and might not come back to retest.
Shorting this pair. Doji formed on the 12 hour chart at a Daily resistance level . Taking it down to previous support.
I am shorting the NZDJPY pair after price closed today at resistance and did not break through. On the 12 hour chart we see a nice rejection candle and overall I think the NZDJPY is in a downtrend being that it is trading below the 200 ema on the Daily chart and the 4 hour. I will be targeting previous support.
I am going LONG on EURJPY. Even if price breaks support I still like the risk:reward. I will be going long and targeting next area of resistance on the 1 hour chart for just a quick day trade but my long term focus will be previous Daily resistance.