GBPCAD fallen about 1000 pips in March, weekly has now formed a pin and we can look to buy some GBPCAD and aim 1.67/1.69.
After broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order. If the price show reversal pattern (can be pin bar or engulfing candlestick) in the...
We are at the end of March and M&M's monthly chart has formed a huge pin bar which suggests bullishness. I'm buying M&M at current market price (793) for a target of 979 in the next 3-4 months. This is a Positional trade, so no stop loss. NSE:M_M
One of the most important skill that you need as a trader is the ability to read the market structure, it is a critical skill that will allow you to use the right price action strategies in the right market condition. You are not going to trade all the markets the same way; you need to study how the markets move, and how traders behave in the market. The market...
Hi Trades, today is Friday, March 18, 2022 . EURUSD is at daily resistance and there is a pin bar candle at m30 I speculate it will go down to the strong support 1.09165. If the bearish pin bar doesn't work well, exit at 1.11602 Don't believe my analysis right away Do your own research Thank You
Hi Trades, today is Friday, March 18, 2022 . EURUSD is at daily resistance and there is a pin bar candle at m30 I speculate it will go down to the strong support 1.09165. If the bearish pin bar doesn't work well, exit at 1.11602 Don't believe my analysis right away Do your own research Thank You
- Daily Chart >> Previous daily candle ended with a bullish pin bar signalling a possible correction after a long fall. Price to be corrected to meet moving averages or retest previous daily resistance level around 1.525632 -1 hour chart >> Triple moving averages (13,21,55) crossed towards the up side providing further bullish confluence. However stochastics are...
-Daily Chart >> Price bounced off support and closed above the daily 200 MA. -4 hour chart >> Price bounced off support with a bullish pin bar on the 4 hour chart with stochastics on this chart also rising. Moving averages on the 30 min also crossed with price currently testing the 14MA. -1 hour chart - On the 1 hour chart price is currently testing the...
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
Firstly, my sincere best wishes go out to all of the Ukrainian residents, their families and loved ones staying behind to protect their land, my thoughts are with you. Putin lost his mind back in 2014, now he's gone on another bender with this terrible act. I was wanting to take a look at the Russian stocks market website, but it seems to have been shut down, by...
Looking nice rejection on H4 demand ZONE. Pin Bar forming On H4 Demand Zong. Best of luck and take trade with money management
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
S&P 500: Buying A Pullback from Key Support Price Action: Price formed a Bullish Tailed Bar Signal, overnight (We are not considering trading this signal as it didn’t form at any confluent level and we prefer to buy on a deeper pullback to the key support areas). Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 –...
AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22 Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 0.7171 short-term resistance level, overnight. Price formed an Inside Bar Breakout Pattern, earlier this week (We did not consider trading this pattern as it is an incredibly wide pattern which makes it hard to manage...
UPDATE 3.0 GBPCHF Hope everyone has a good weekend... Today, I will be kicking off with a revisit to the GBPCHF As you guys may be aware - I have previously provided Technical Analysis for this currency and have been watching for the best part of the last 3 weeks You can find the previous analysis at both the links below… ... So, within the...
Good Evening People... I am FX_HOLE and this is my first published analysis - I have been trading for around 2 years now. Today, I will be providing a brief Technical Analysis for the USDCAD I will begin with a ' Top-Down ' Analysis ... As you can see from the Weekly Timeframe, I have identified a range that has been in place since mid 2015 Over...
Today is the day when we expect the Interest Rate decision for the USD. It doesn't matter if there will be any changes, we're still expecting some moves. Because of the news and how risky and unpredictable they are, we suggest looking for an entry only when the news are over! We think that there is a higher probability that the downtrend will continue. If,...
NEOUSD Fibonacci Retracement Levels at 38.2% and 50.0%