All information is in the graph.
The major trend is UP. We are in a pullback and already in a confluence levels. This little pinbar gave me a possibility of entry.
*Here's The Link To The Video Explanation of This Trade www.youtube.com Rather than write out a lengthy explanation for this trade, I decided to include a video break down in my Weekend Review video which will be out on YouTube tonight. The video typically takes a good amount of time to produce and upload so I decided to share this chart before it's completion....
As image shows, after a channel break we are having two consecutive pin bars rejecting horitzontal level + 10 and 20 EMA's.
As we can see, GBP/USD tested a Key resistance point and form a Pinbar, Expected to go short
Large pinbar spotted. Will wait for a good break of pinbar before entry for this one. TP based on pivots. Pair chosen using Currency Strength meter.
Spotted a pinbar in nice SR zones. Good RR too! TP at future cloud.
PRICE STUCK IN A RANGE. BASIC SETTUP (BUY AT SUPPORT, SELL AT RESISTANCE)
I'm short in this pairs since 93.00 and i'm looking for another entry to sell more. This pinbar can give us another entry. I will set a sell stop order in the minimum of the pinbar
Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
Textbook setup. 3rd touch on the trendline, Bearish inverse hammer/pinbar bouncing off previous support turned resistance. first target at 45.00
The bearish Pinbar on the 1.54 resistance provides an interesting continuation setup for initial bearish harmonic setup (AB=CD) posted last week. This setup is one of the trading ideas posted on this week's Weekly Markets Analysis newsletter: marketzone.tumblr.com
We have nice structure opportunity - a double Bottom along with it we have several rejection candles that end in a Pin Bar. Don't forget to add almost 1:2 risk/reward - I think there is a room for a nice Christmas present :)
For short : Resistance coming very soon For Long : Bullish divergence on daily Up trendline Pinbar UP on weekly Waiting for price to reach 98.422 level, for short /or watch for beak this level and then pullback for a long.
Confluences on stake : For short : Resistance coming very soon For Long : Bullish divergence on daily Up trendline Pinbar UP on weekly Waiting for price to reach 98.422 level, for short /or wait a break for a Long on pull back SHORT is my prior senario so far
with a major pin bar reversal at the PRZ we could see the AUDUSD continue lower this week. Classic cypher confirms this. Good Trading Guys
The $AUDUSD setup I've posted in the Weekly Markets Analysis is already up by about 100 pips! Will this Weekly Markets Analysis setup work as well? $GBPCAD is meeting a broken trading channel bottom. This area should act as resistance and indeed we saw last Friday, a daily Pinbar at the close. 1.78 is the initial target level for a bearish position Read the...
The Cable broke out of a daily downtrend line recently and on last Friday it created a bullish Pinbar after testing the broken trend line. In my Weekly Markets Analysis newsletter I'm showing a bullish setup in $GBPUSD that involves price action and harmonics. See the important levels to monitor and read more analyses in this week's WMA edition: marketzone.tumblr.com