In this video I touch on a number of candlestick patterns that have formed on the Weekly, Daily and Hourly candlestick charts. I also point out the *big one*, which is an "inside-bar pin bar fakeout" pattern.
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
After the bullish pin par on daily, we are anticipating a bullish wave before the bearish wave continue
Examining the channel of EURUSD, how pin bars can be combined with stochastic, and basic ranging markets.
Buying at market price 0.65437 with # SL below the pin bar @ 0.65108 and # TP at previous swing high @ 0.66148 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
The EURUSD has formed a bearish inside bar / pin bar fake-out. This has formed on the weekly charts. There are a number of things to really like about this setup: not only is the pattern itself large and well defined, it is also setting within a larger overall bearish trend, and has formed just beneath some key resistance levels. It really checks all of the...
An inside bar / pin bar fake out pattern has formed on the XLE weekly chart. This pattern has formed just below a key resistance level as well as the 50% retracement of the last swing high/low, which is exactly the area we want to see this form. One negative with this setup is that price has formed a very sharp v-shaped reversal off it's lows. That doesn't mean...
The AUDUSD has formed a bearish pin bar setup that is very similar to the NZDUSD. The big difference is the bigger price action picture. The AUDUSD is the weaker of the two, and may end up providing more downside if price breaks down in a major way, but I think both charts have attractive setups worth considering.
The NZDUSD pair has formed a nice, large bearish pin bar. The pin bar has a lot of positives going for it such as a very large upper wick, narrow body, and also the fact that it has closed below the upper trend line of the pennant that is currently forming. The negatives with this setup that I think weakens it a bit is the fact that price is still contained...
Silver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less...
In DXY we have an inside bar / pin bar fake out pattern that has formed on the weekly charts. This pattern is considered a bullish pattern and has formed within a larger bullish pennant pattern. Last week we saw price break out of the pennant and then pull back in, setting up a short-term bearish scenario. That saw price drop all of the way to the bottom of the...
A large bearish pinbar is currently forming off of a key resistance level. Keep in mind that there are a few hours left in the market so this pattern will not be confirmed until it has fully formed as a bearish pinbar and today's candle has officially closed. If the candle does close the day as a bearish pinbar then we could see price rotate lower over the next...
Bearish price action is forming in the US Dollar on the higher time frame charts. On the weekly charts an evening star pattern has formed on a bearish pin bar is currently forming on the monthly. Price action next week will tell us a lot about where the dollar may be heading, but if the dollar closes the month even weaker then it is right now it could mean...
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...
A bullish pinbar formed yesterday in the daily candlestick chart. This pinbar occurred from a small pullback, off of near term support. Bullish pinbars are patterns that show a false break lower, where there are now traders to went short as it dropped, but when price got pulled back up those traders are now trapped in losing positions. This signals a market...
This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below. **Current Market Structure** -Long term bullish trend -Price has stayed within bullish channel -Large bullish weekly candle from pullback off of key...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
There is a nicely shaped bearish pin bar on the daily candlestick chart for the USDJPY pair. While it is a nice candle I do not think it is tradeable given the overall price action picture. A few problems I have with this pattern is that in some of the trend lines interpretations, the pin bar is actually sitting on top of the trend. This pinbar is also forming...