On the daily we see a nice test into our dynamic support with a good rejection. This touch was a significant area as it was at our previous entry on a nice pinbar that formed on support and previously resistance. In reality, entering on this touch would have been nice. It is currently the weekend while writing this, so I will be watching to see what price does...
Ethereum has taken a pretty big hit the past couple of days. I see a perfect opportunity to "buy on the dip". As you can see on my chart we have a nice daily pinbar setup at support. Feel free to share your thoughts.
I am placing a longer term short on USD JPY based on this beautiful weekly pinbar. As you can see price was pushed up into our MA and rejected forming the pinbar. So far price worked its way back up around half the distance of the tail and I am expecting a drop anytime now. I will be holding this one for awhile.
On the daily chart I have highlighted an Inside Bar price action signal. Initially I was watching for a break of the mother bar on the up side to go long. However, this is a perfect example of why you should wait for the close of the candle to make your decision. It in fact, broke to the down side, breaking recent support as well as forming a nice bearish pin bar...
I have set a pending sell on EUR GBP based on the daily Inside Bar + PinBr combo. I currently have my pending order to be triggered halfway up the pin bar where you can see my horizontal red line.If you have a look, you can see that price has broke through this line of support and is currently on the way to retest it. I am expecting a further drop once it does.
I am currently invested in ethereum and looking at this weekly chart I am seeing a lot of bullish potential. I realistically see ethereum reaching the 700 level in the next few weeks or months.
We have several rejections at this level of resistance highlighted on the chart. Including 2 pin bars signaling an entry for a short. If you are reading this, please share your thoughts.
On the daily, we have price rejecting previous resistance turned support. A nice pinbar is forming and if the close of the body is above support I will be placing a buy.
Looking at the Monthly chart, you can see how strong the AUD has become against the USD. We are currently breaking through the 50 and 21 day moving average. As of 8/29/2020 there is no sign of weakness. Now looking on the weekly chart or daily chart, I am anticipating a retracement back to one of the 2 levels marked on my chart. I will be waiting and watching for...
Very nice pinbar on support of the 1 hour chart. Have a look on the daily and we also have a nice rejection forming at our dynamic support concluding a good buy opportunity.
I have marked another price action setup on XAG USD which you can see previously played out nicely. We have a nice Mother Bar / Pin Bar setup and currently awaiting for price to move up.
I am a few hours late on this one but I still see confluence to go long on Silver. On the 4 hour chart I have highlighted an inside bar formation that started to push up already (a little late on this entry). As you can see price pushed above the inside bar validating the inside bar formation. On the daily chart, price is respecting our dynamic support with a nice...
Gold has a nice build up of pressure likely to explode up. If you see on my chart I have highlighted an inside bar formation on the 4hr. My pending buy will trigger once price reaches the top of the inside bar. If price reaches there I see it shooting up nicely.
As noted on my chart, the 4 hour chart shows nice rejections of a recent support level. If you look on the daily, price is respecting dynamic support with your MA. Buy order placed.
Here I have highlighted my bias on AUD USD. I am placing my buy order based on the bullish rejection candle you see on the middle MA. This candle is a daily close. Use proper risk management and set your stop loss close to .70975
I am analyzing EUR/USD and as you can see on the weekly chart, there is a pretty clear demand zone marked. Depending on the price action in the next week or two, I will be looking for a long position. However, if we do not see any price action for a possible reversal and trigger us in for a buy, I will be watching for sellers to continue through this zone, if...