The last closed candle on the chart is within boundaries of the previous one and right now price is already below previous close. I expect the movement down with RR ratio 1.6 (see SL and TP levels on the chart).
Usually I do not like to chase reverses but this looks simple and elegant - pinbar on a resistance zone. It indicates a possible move down. I open sell with the first TP apprx 1.66, trailing stop afterwards.
Previous day formed a pin-bar like candle on a MA line. I expect price to go up. Will enter long now with partial lot-size/ SL below daily candle, TP1 at least 57.50. If price goes down today I will open another long at 53.50 for better R/R ratio.
My moving trend indicator shows possible move down. It either goes directly down or after initial pullback towards identified resistance level. In the later case I will enter with a bigger lot size after pullback as R/R ratio is extremely favorable at this area.
After some consolidation period the currency pair failed to go down and formed two bullish candles with longer tails. The candles are on MA line which serves as a dynamic support. I expect the trend up will be continued. If market opens with a big gap I will not enter the trade. This is my first idea here, If you like it please press thumb up to express your...