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Pin Bar

TTD - Swing up opportunityTTD had a strong dip of nearly 18% over the last 4 days, retracing 62% of the recent swing up and looks to be finding support as it closed with a pin bar candle. The odds that it is done pulling back is high now that we are also seeing a potential bullish divergence between price and RSI. Long if it is able to rise above the hi of this pin bar (@ 840.30) with initial stop loss slightly below the pin bar low @ 796. Looking to scale out partially at least as it approaches the last high at 972 and protect the rest of the position with trailing stops 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 ! :)
NASDAQ:TTDLong
by Juliac
2
SPCE Possible ReversalSPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30. Heavy eyes on the 1/15/21 $25c and $30c. Volume seems to be focused there. Leave a comment to discuss!!!
NYSE:SPCELong
by NetWorthFocused
2
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends, Before i start with today trade ideas, let's review some of the trade i took yesterday. There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions. Both trades now closed with a nice profits. First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit For today i am going to sell NZDUSD because i think this pair could have some retracement retesting 0.6940 area. The reason why is because price already broken below the ascending trendline and stopped making higher high. This recent movement could be a lower high and might be followed by a lower low. If you see the last daily candle close, it is also very clear that it was a bearish pinbar so we could see sellers step in to push price down. Sell NZDUSD 0.7065 Stop loss 0.7105 Take profit 0.6945 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPAUD, daily tf, sell the bearish pinbar candleHello my friends, I found something interesting with GBPAUD pairs. As you can see, friday candle close was very interesting. After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session. The result of Friday movement is the daily candle became a bearish pinbar candle. I would say this mean sellers really step up and controlling this pair right now. We will aim to sell this pair for next week. For this trade setup we will wait for some retracement before entering sell. The best area to sell will be around 1.8175 because there is a horizontal resistance level here. Sell GBPAUD 1.8175 Stop loss 1.8225 Take profit 1.7875 (6R) RR ratio 1 : 6 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURUSD, 4hr tf, double top / bearish flag in playHello my friends, Today we are going to trade with EURUSD. As you can see price has been moving up respecting the ascending trendline for 1 week. Today price finally closed below it on a 4hr timeframe and it also looks like price making a small double top pattern. This could be a bearish reversal pattern so we are going to try selling EURUSD now. If you look at daily tf, you cold also see that previous daily candle close looks like a bearish pinbar or shooting star candle. Based on DXY as well, there is a potential DXY making a double bottom so we will try selling EURUSD as this pairs are mirrorring DXY movement. Sell EURUSD 1.1865 Stop loss 1.1905 Take profit 1.1705 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Short
by HayatoDragonFX