With price breaking below a major support level and now coming back for the retest, Stochastics showing some nice divergence on the 2hr and also some nice price action in the form of some pin bars reacting of the major support level. I would like to see this now push further down.
Pin-bar formation with short opportunity as hedge funds manipulate the market to probe the levels above Fib(0) 106.957 and strong rejection at under Fib(-0.116) to the downside. The candle at 14:00 is still bullish, though it may close below the open at 106.890, it's still under Fib(0). Let's see how the market behaves to another stophunting session of...
Can you figure out the differences in the three pinbars highlighted...bearing in mind that the shape, length, or colour of the pinbar does not matter in this case.
Pinbars occur in the market as a result of two scenarios:
1) When institutional traders place large positions in order to reverse what we call a "trend"
2) When institutional traders take profit off...
Hello, colleagues. According to my price analysing system, there is a signal on a short at GBPJPY. Down trand is clearly seen. Price is increasing, creating pullback of down trand and it has already moved for 50% of previous movement (an extra reason to sell). As the price moves upwards it slowed down creating pins. What is more, price has breaked a bit through...
Sell after the breakdown of the main support, on the pullback toit (D1)
On H4 price very slowly moves upward forming a setup: fakey.
Sale on the main trend on the pullback on the main D1 chart + 50% Fibonacci, + crossing EMA150 / 365 on H1 chart.