Yesterday, before the NZD rate decision, the Elite Zone members received a setup to focus on shorting $NZDUSD (as well as $NZDCHF). This chart explains the reasons. You can join the Elite Zone by visiting www.themarketzone.net and clicking on the Elite Zone tab.
A different approach this time: Looks like a double top with pin bar on the 8 hour chart. Should be enough room to move for at least a 1:1 R/R.
As stated in a previous idea () this pair has already been rejected on major daily structure. Now is setting up a possible head and shoulder pattern on lower timeframe (4h). Many pin bars formed on Friday showing price rejection below left shoulder level of the formation. Action: On Monday look for price to not gap nor open above pin bar's tails and sell at...
Notice that daily Pinbar formed at AB=CD completion zone and resistance zone. Looking for reversal in this zone.
After being stopped-out, another trade set-up showed-up. Price action behave according to the pattern by forming a Pin bar. Risk: 0,5% Reward: 7% R/R ratio: 14
Price on USD/CHF has produced a high test bar ricocheting off the round 0.9500 level. RSI and Stochastic divergence support this short set up. entry - below today's high test close stop loss - above today's high test close target - aiming for 0.9290, previous low, close to 50 ema (ignore support line on chart at 0.9250)
There is a pinbar spotted as well, I have enter long here until a see a reversal sign. Kind regards TheBull
Bullish pattern with entry @ the 1H chart (pin bar) Target @ the next resistance (confluence with an emerging AB=CD pattern) Risk: 0,5% Reward: 15% R/R ratio: 30
EUR/JPY Short on Daily chart for 180-480pips - Do you see the powerful bear candle that formed at the top of a downward channel? I thought you would. Nice work! :) Happy trading.
In the daily chart, we can see that price has surged up from Monday's pin bar at key support zone. In H4 chart, we can see a break of the double bottom's neckline. Will the market retraces to 61.8% level for a 2618 trade setup? If market retraces to that level, it is also re-testing the high of that Monday's pin bar in daily chart providing us with a second...
Market sold off heavily last week but found support at 1.6280, a key support zone. A pin bar was formed rejecting that area on Friday. The near term trend is bearish. I will be looking for a counter trend trade next week and go long before looking for shorting opportunities near resistance zone around 1.6460.
Bullish WW pattern, Entry @ the 1H time frame with a Pin bar, Trade going with the trend, Risk: 0,5% Reward: Between 13% & 28% (Depending-on when the price hit the Target-line) R/R ratio: Between 26 & 56 (Huge!) Trade management on Daily time frame
1D chart showing downtrend, price action below 10 EMA Pin bar on 15min TF traded for RR 1.5
Good opportunity for a long position with LPI as there have been 2 pin bars back to back on good volume at this very nice support level. I would look for a retest just below the highs of the previous gap down. Institutional traders should be looking at this stock as a good spot to jump on in or add to any existing positions.
The EURCAD daily chart is in a clear downtrend. The market has retraced back up to re-test a previous swing high resistance level within the trend. Price respected the resistance level, rejected moves into higher price sand forced the market to close below it's open price for the day - creating a bearish pin bar. The market is now breaking the lows of the pin...
21-05-2014 shows a long wick candlestick touching a possible support (from 03-02-2014) and EMA200