Roker1
Long

Pinbar + Engulfing on EURUSD! Buy signal

FX:EURUSD   Euro / U.S. Dollar
Hey guys,
here on EURUSD price is testing an important daily structure that could push it higher before continuing in the downward direction. This is a counter trend trade so be aware of it. Nonetheless, i can see some buying pressure at this level, thanks to the pinbar followed by a big engulfing . The pinbar represents the pressure that arises at the touch of a certain level, and when it is followed by an engulfing it means that in addition to that we have bulls trying to take control. That, linked with RSI and structure could help us traders deciding when to enter the market.
Stops would go below the pin, target1 at roughly 1:1, target2 to be determined!

If you want to ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached: First target hit! Stops moved to breakeven.
Comment: Second position placed at 1,0995, but i can close the position manually soon:
Trade closed: target reached: Out at 1,0974
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

MY TRADE IS ACTIVE ONLY BECAUSE i MISSED THE MARKET CLOSURE ON sAT NORN (nz TIME. Oops, sprry, caps.

Well done you hitting the targets. I cannot ccontratulate myself however, because it was not my plan to leave the trade open before merket closed.
+1 Reply
Roker1 Glendoonie
@Glendoonie, hope you can have some profit now!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out