MrVolcano

MrVolcano Updated 

Bearish pinbars rejecting support at 0.7500 and 21EMA. Placed a SELL STOP order below previous low as confirmation that price is definitely heading south. Oscillators are all looking bearish on the 1hr and 4hr charts. Target set for 0.7400.

MrVolcano Updated 

EURUSD has now broken through resistance at 1.143. Momentum looks strong enough to keep pushing higher, possibly to 1.1700 but I have a feeling that some traders may take profits before then so I'm going to set a TP1 at 1.1600. SL is tucked below the pin bar, 8EMA and previous support level at 1.1430. I've used the 4hr chart for entry....

MrVolcano

Price held on support at 0.7730 and now looks set to climb higher, possibly to retest 0.8080. I've entered on a 4hr pinbar. Price has crossed above daily 50EMA Stoch crossing out of overbought (signifying low swing low is complete) RSI has broken out of oversold. MACD looks likely to do the same. Entry 4 hour pinbar ...

MrVolcano Updated 

Price is showing some bearish signals such a pin bars rejecting the trend line. One such pin bar was rejecting the upper range of the Bollinger bands. Ideally I'd like the pins to be much longer, but there are a few of them. Stoch and RSI have crossed below the Overbought line, which is a good signal to short.