Pin Bar
Sell at M5, TP at H4 (SnD)In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
GBPJPY Day : SELL price is in the suppyzone GBPJPY Day : SELL pinbar day candle formed. The price is in the suppyzone at 144.3, it has a chance to come down to the support at the demane zone at 140.1 .rsi oversold and the price has come close to the uptrend line.
traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Short Term Buy?With Lower Low break, and Higher High break, I'm looking at possibility for short buy based on Fibo Musang, entry at level 38-23 and TP at nearest, 161. Also at H4, Lower Low break comes from pinbar Low price. If break, then I consider to cutloss.
Monthly Supply Zone?Price just get outside of my target Daily supply zone, and currently in Monthly supply zone. In Monthly supply zone, there is a break non-fresh shadow of bullish pinbar. So I think I will get better sell entry in body zone. Target sell exit is nearest Daily supply zone.
Demand Zone + Bullish PinbarFirst touch of demand zone, there has been a good buyer entry. If the price came back to zone, I'm looking at Buy entry at Bottom candle Low price, as the candle is Bullish Pinbar candle. And exit target is based on Fibo Musang (reverse Fibo Retracement), exit at TP2 = level 261.
Failed 3x Bullish Pinbar, SBR?D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
H4 Trendline Point #3 fakeout? Sell OpportunityThere is possibility for fake out at H4 resistance trendline. I prefer safe exit at bottom candle (bullish pinbar) demand zone, as the bottom candle only make lower low without break (close) previous lower low.
Bullish Pinbar as Support ZoneThere are two Bullish Pinbar as bottom candle (support zone) which the zone doesn't overlap. I will be looking for safe buy entry starting from Low price of Bullish Pinbar #2, and looks more possibility the price will enter demand zone of Bullish Pinbar #1. If price doesn't break Fibo level 100 (1.00), i will look for next buy entry at Low price for Bullish Pinbar #1. So safer exit will be at Fibo level 100.
Seller Re Entry at Fresh Top Candle Zone?Current seller makes Bearish Pinbar. And seems like this is the first seller trial, showing signal of possible seller getting more supply to make downtrend. Sign of H1 Bearish Pinbar and fresh Top candle supply zone, more likely I will sell entry starting from High price of Bearish Pinbar. For this pattern on H1, I will safe exit at starting of demand zone of bottom candle.
The "PIN BAR" Story Hi Pro Trader's .. Hope You Be Fine ♥
Today We Have Very Important Education Lesson .. THE PIN BAR STORY
The Pin Bar In Candle .. Came To Change The Pair Direction ..
we Have 3 Levels For It
Strong .. That's Came And Change Direction With High Move
Medium .. That's Came And Change Direction With Medium Move
Week .. That's Came And Change in Direction Will Happen
Start Trade Now With PIN BAR .. And Tell US Results
Be Safe -- Trade Safe
ITC - Trend ReversalITC formed a beautiful bullish pin bar from golden Fib level 0.618 + resistance zone.
If it manages to cross Fib level 0.382, possible target of 225.
NZDCHF 5-0 ON HOURLY The final leg has also formed a very nice 1.00AB=CD which hopefully increases our odds. I like those stoch crossovers as paired with a little divergence. I am pretty confident about this trade. Will use 3 positions; 2 targets and 1 trailed position.
EUR/GBP - Long Term Support Level Continues to HoldThis is EUR/GBP on the Daily Chart.
We can see price has respected this level of support since May 26th 2020.
Once again price has tanked down to our support level and bulls have been sitting at our support zone - we can see price starting to move away from our key area yet again to the upside.
We can use candlesticks at this key level as extra confirmation - such as an engulfing candle, or the bullish pin bar.
Any questions, just ask!
BTC - Pin Bar Formation but RSI Bearish DivergenceWas quite the drop today, swapped some Gold for Bitcoin-adjacent equity QBTC - more than doubled my position, also HIVE - doubled position - did not get the best prices, but close enough. When I sold the gold prior (Mutual Fund), the timing could not be better to get a half decent price and to buy those equities on a dip prior to the weekend, where all bets on BTC are off in my mind. The move up on this pin bar tells me that better to be safe than sorry in case Bitcoin suddenly breaks trend and moves up. Still not all the way there in terms of where I want to be on those equities, but closer.
RSI seems to be tracking some bearish divergence to my eyes, with price settling higher than, but RSI printing lower on the RSI trend line I've drawn. The divergence is not very large, but not insignificant at this point and I would not be surprised if we were to see lower prices by Sunday despite that 4-hour Pin Bar. Could be a short idea in there somewhere, but trading it would be a matter of timing and cutting losses very quickly if price does not manifest lower than the entry. Something to look at tomorrow perhaps.
All in all, I would say my bias is neutral and that playing the range that we have is most likely what traders are doing right now - might join them with a tiny stack that I reserve for trading purposes. If I were to place a bet, I would be selling as high as it can go in the next day or two and look to exit on a re-test (and possible failure) of 32 K (exact number would be found along the bottom of the trend line). Too much of a headache at this point to play it, and perhaps that is for the best.
EURGBP - Longsetup #RRR 1:4 (min) #RRR 1:10 (max)Dear Traders,
today I analyze the EURGBP on the 1 hour chart. Based on the reducing volumes on the the last candles, the touching the bottom support line and developing a pin bar I expect a increasing direction upside.
I tried to draw the development of priceaction near the local HVN (high volume nodes => orange line boxes).
Moreover, the minimum RiskReturnRatio would be 1:4 - and the maximal RiskReturnRatio would be 1:10.
Kind regards
NXT2017
GBPJPY - SHORT Nice bearish candle forming on the daily time frame, a move back down towards this ascending trend line
TWTR - presented opportunity to longI am not sure why TWTR should crash just because it banned Donald Trump permanently. But tank it did! Falling 12.5% to 45.15 from last Friday's close of 51.48, briefly breaching the 61.8% fibonacci retracement level but stopped short of the longer term trendline support @ 44.50
A bullish pin bar is forming right now as well as a potential bullish divergence between price and RSI. I decided to long as it began to recover above today's open (> 47.10), with initial stop placed just slightly below the trendline (currently @ 44.50).
Looking to trail the stops up if trade goes my way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Weekly Bullish Divergence: One Final Chance for a USD Comeback!DXY showing some seller exhaustion here we are attempting another breakout of a wedge that we have been stuck in for about a year.
We have some classic bullish divergence on both the RSI and MACD weekly.
Along with the divergence we closed last week above the bottom trendline with a Bullish Pinbar which is a bullish candlestick reversal pattern commonly found near the end of downtrends.
The looks to be the final stand for the US Dollar as if we don't bounce here we are likely in serious trouble and will see much lower prices.
Based off the technical I expect us to see a sharp reversal to the upside and suspect that USD will perform well on USD Pairs and that stocks will do badly in the comings days and weeks.
