Pin Bar
AUD/USD - LongI have been waiting for this trade for a while now, the pair has been catching retail traders on the wrong side for the past week, however, I decided to stay out, trying not to "catch a falling knife"!
We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart closing above that 0.6500 level, but I am watching to see if we can have a second test of these bottom levels before the big upside, patience will be key for this pair even still.
LINK Is About to Go Nuclear*DISCLAIMER* The weekly candle is not yet closed!
That aside, if the weekly candle closes somewhere in the price range it is at right now, we are looking at a very bullish setup. The setup is an inside bar / pin bar fakeout, on the weekly, on major support, and is with the prevailing trend. You really can't ask for much more. It is important though to wait until the weekly candle closes to make any trading decisions.
AUDUSD GOING DOWN AUDUSD is going down during a few days, so better to follow by trend than looking for Support zone.
As here is not strong support zone, I suppose that price will go down to the trend line after this Resistance zone. Also we have Pinbar as PA Confirmation.
What do you think?
EURUSD SHORTI think the price will go down, reasons:
1. We have Strong Pinbar on 240 TF;
2. We have Strong Resistance Zone;
3. The price touched Trendline;
4. 50% of Fibo;
5. Stochastic is overbought;
SL: 1.10100
TP: 1.08800 or 1.07800
Let me know, what do you think about it?
$230 breakout rejected and price stuck in downtrendWe can see a huge pin bar which could be interpreted as price rejection.
Price stuck in an extended descending channel.
I would expect a continuation of the decline to the $180-190 level.
USDCHF is going UP?The reasons:
1. Today we had 1 new coronavirus case in Switzerland;
2. Daily Pinbar from STRONG Support zone;
I think the best way for entry is on 50% of Pinbar.
The target will be on the next STRONG Resistance zone, near 0.9840
Let me know, what do you think about this analys?
Thanks!
EURUSD is better to SELLI think price will go down, the reasons:
1. Every day we have a lot of Coronavirus cases in Europe;
2. Price cannot break STRONG resistance line on 1.0880;
3. We have Doji on Daily Timeframe;
4. Doji touched EMA 21;
5. We have Pinbar on 240, like entry point;
Let me know, what do you think about this analys?
USDCAD LONG with MINIMAL RISKWe have support zone and weak Pinbar. I think price will go up to the next resistance zone, so I’d like to buy on 50% of this Pinbar with SL on 1.3268.
What do you think?
USDCHF is going upWe have strong support on 0.9760 and it's going to be Daily Pinbar from this support zone. If Pinbar will close good, also this pinbar is from EMA 21.
I'd like to buy on 50% of this pinbar. It's 0.9790 level.
LONG ON GBPUSDWe have support on 1.28800 and it's going to be Daily Pinbar from this support zone.
If Pinbar will close good, I'd like to buy on 50% of this pinbar. It's 1.29200 level.
EURUSD with a solid chance of a bullish reveralWe just went long on this one after lots of preparations we believe it is a good time to go long.
We reviewed the EUR vs all major trading pairs and there are good chances of a bull reversal, on the other side the USD looks pretty weak and even the DXY agrees... maybe its too soon as its still just Monday and there is so much more info to come out but we feel confidant we go into a good price for buying EURUSD!
There is a gorgeous reversal candle on the 1D chart which might help us out too!
ETHBTC - And There's the Breakout. What's Next?As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed.
In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that significantly increased the likelyhood of a bullish breakout. Now that price has broken out it looks like 0.025 will be the next area for a potential pullback. Although keep in mind that the velocity of this movement is so strong it may very well break through this resistance and in short order flip it into support.
Regardless of how great a pattern is, none are guaranteed to be successful. It is a game of probabilities. Always trade defensively and protect your capital.
GBPJPY 1000 - 1800+ pipsGPBJPY just touched a trend line which is descending since jan/2018 which is the upper line of a descending triangle chart pattern and has formed a bearish pin bar, as I see the price will fall down to touch the lower line of the descending triangle
my entry points will be
141.9 that will be in case the price retested the upper trend line
140.850 that will be when the price breaks the local trend line ascending from Nov/2019
138.980 that's when the price breaks down the 139.240 key level
and my targets will
TP(1): 139.550 (short one) 200+ pips
TP(2): 135.910 600+ pips
TP(3): 131.650 1000+ pips
and Stoploss @ 144.250
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Good luck
GBPUSD With a firm hold above 1.3000...we could see price head back to 1.3100. But if price breaks through 1.2950, that invalidates the buy set up for me..
SILVER - Bullish Patterns Abound on Weekly ChartSilver's weekly candle charts have now thrown 3 bullish candlestick patterns in a row with a triple pin bar setup, and the final pin bar also acting as a bullish engulfing bar. This setup is offering an attractive risk:reward for a bullish upside breakout.
USOILWatching for bullish price action confirmation at this demand level on USOIL. But if price breaks this level it would invalidate buy set up!
GBPCHF BUYGBPCHF IS BULLISH. BULLISH CANDLE AFTER A PINBAR. NEXT SELL WILL ALSO START FROM PINBAR CANDLE.
ETHUSD - Another Bullish PinbarPretty text-book at this point. A bull trend with a small pullback to support. A large bullish pinbar forms. Then price pops up to new highs.
This is likely the pinbar that gets ETH up into the 180's.
ETHUSD - Weekly Inside Bar / Pin Bar ComboHere is yet another feather in the bulls cap. This time it is an inside bar / pin bar pattern on the weekly charts. The weekly signal tend to be strong and this specific pattern combo can have an exceptionally strong breakout potential. Add those two things together and we may be at 200-220 sooner rather than later.
GBPAUD GBPAUD 4hr: Price stop hunted and failed to break prior day's high forming double top. All pounds appear to be setting up for another bearish wave!
EURNZD Weekly Chart Shows Good Selling ContinuationWe noticed a Bearish Pin Bar formed after a breakout of the ascending channel which we know as the corrective structure and we are resuming the Impulsive move. The weekly pin bar is a good sign that market is gonna move to the downside.
We would analyze the lower timeframe for more confluence and more confirmation
