Pin Bar
AUDUSD Target Price 0.81356 (381.4 Pips)AUDUSD Australian Dollar (Parallel Channel and Pin Bar Candlestick)
Note: Pin Bar, Engulfing Bar, and Inside Bar
CYRN. Test entry, watching for breakthrough of $1.80-$2.00 zoneCYRN just had the "golden cross" where the 50 DMA crossed the 200 DMA. TRIX and momentum are also trending up. The weekly and monthly trend keep hitting higher lows, but there seems to be some resistance at the 200 WMA. Further, the monthly chart has triple top "pinbars" indicating selling pressure, keeping the price below the $1.80-$2.00 zone. I'll be looking for a pullback to $1.05-$1.15 for a small test entry. I want to see CYRN cross the 200 WMA, then the $1.80-$2.00 resistance zone. If it breaks out of that zone I'll be looking to buy more. Otherwise, I'll probably sell the test entry if it bounces off the 200 WMA.
DASHUSD 2021 Feb 11 Trade IdeaPrice Action Signal occurred at price level 158.251 as expected in the form of a Pin Bar.
Trend: Up
Level: 158.251
Signal: Pin Bar
Notes: Pin Bar formed on 12 Feb 2021 at 06:00.
ETHUSD Ethereum H1 ChartWatch for price action signals at horizontal key levels. Wait for a pin bar candlestick or engulfing bar candlestick to form.
NEOUSD Target Price 43.65Entry at 36.58. The rejection candle closing price on 13 Feb 2021 at 13:00 is 36.58. Planned forecast entry price was at 36.41. So, forecast was within 17 "pips."
Trend: Up
Level: 36.41
Signal: Pin Bar
February 12, 2021 Trade Idea For ETHUSD (2.28R) Ethereum pulled back to 1763.98 as planned and formed a bullish price action signal (Pin Bar).
Daily Support Break, SBR?I'm looking at possibility for sell swing at current price, referrring to daily pinbar as support that breaks, and current is possible seller re entry.
GBPUSD supportThis week we saw a new rise in GBPUSD and reaching 1.3866.
It is currently in the support zone 1.3794-1.3750. As with repulsion from the zone, a new rise can be expected, to 1.3900.
A reversing candle or a break of the correction is sought for entry.
The stop options are under the previous support, where the model breaks down or as close as possible under the turning candle.
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AUDCAD - Touching TrenflineIf we can reject the structure of the 0.9850 zones as resistance then look for shorts (on the 4h environment and daily close). Be careful as the TL breakout usually results in a good run to the upside. Proper risk and confirmations. GOOD LUCK!
RR 1:3.75
DTEA - ripe for rebound?DTEA hit a high of 7.45 before plunging to hit a low of 4.62 today (a 38% drop!). However, the worst appears to be over now as it closed the gap @ 4.83 and now began to form a bullish pin bar.
The uptrend appears to be still intact despite retracing about 50% of the move that began at the start of this year.
I went long @ 5.00 with an initial stop loss just below today's pin bar candle's low @ 4.62, with a view to scale out partially at 7.45 (recent high) and then at 8.95. Let's see if it works out!
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 ! :)
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.
