Adding positions to my winning trade
We can notice a price action pinbar at support, this is an indication that the bulls are fighting but volume shows the fight could end soon. Yesterday's daily close, gave a false break out at resistance. What should traders do? Well I took a short trade and I'm expecting sellers to push to the next support. Respect Risk Management.
Price is at resistance and friday trading session closed with a price action signal...A doji. What does the Doji mean? Long or Short? I will be looking forward to the formation of a head and shoulder price action pattern on 4hr time frame, if my analysis plays put, I'll update my followers...Please click the following button.
Recently, we observed an Inside bar candle at yesterday’s daily close. Also price is at a key resistance and I’m expecting a push to the up side...at low risk.
Price action from Friday session shows a bearish pin bar candle at a resistance. Guess what? The price action signal has not been confirmed by volume. So why take the trade? On 1hr time frame, you will notice a supposed double top price action pattern at resistance but this pattern is confirmed only when there is a break of the neck line. I'll be looking for...
Price is trending down and retesting previous support becoming resistance. Price action gives us a bullish pinbar candle and you will notice price is rejecting the fibs levels. I'm selling and my target is the previous low or the 0.82000 zone.
Inside bar at support with and increase in volume. I waited for the double bottom chart pattern to be confirmed before entering my long position. Great risk to reward
Steve Nickson crack and snap false break out strategy with an increase in volume
CRITERIA 1) daily tf pinbar and multiple Doji at resistance 2) Possible double top at 1hr timeframe Sell Stop Order!!
Stops were taken yesterday because I have a bad broker. But the market provided another opportunity to take the shot again...Pinbar at daily timeframe with a higher high and lower low trend pattern on 4hr timeframe.
Inside bar candle at resistance with a double top pattern on 1hr time frame
Pennat pattern with a break to the upside. Safest way to trade is to wait for a retest of the trendline and a stop below. Good tisk to reward.
With the candles from the chart, we should expect a push to the upside. EurUsd has been bullish since lastweek, we should expect the bulls this week. Good risk to reward.
Candlestick price action at previous support becoming resistance