asferruzzi

asferruzzi Updated 

Price has reached an area known to contain strong selling pressure. Higher times show this area has also acted as support and resistance in the past. Recent bearish pin bar indicates sellers have taken control of price over the last 24 hours and may be ready to push price down. Overall higher time frame trend is down and therefore I am biased towards bearish...

asferruzzi Updated 

Price appears to be ranging and has recently moved into an area known to contain sellers. History also shows previous swings have occurred in this area. A bearish pin bar has formed over the past 12 hours indicating sellers have taken control of price. Prior to the pin bar there was an inside bar indicating indecision of price. These two candles are giving me...

asferruzzi Updated 

Price appears to be in a range with price trading in between obvious support and resistance areas. Price recently approached area known to contain sellers. Higher time frames confirm down trend, overall my biased is towards bearish movement. Bearish pin bar has formed indicating sellers have taken control of price over the last 24 hours and if the sellers...

asferruzzi Updated 

Price is in obvious trading range, also confirmed by higher time frames. Price has reached an area known to contain sellers. A bearish pin bar has formed indicating that sellers have taken control of price over the last 24 hours. If sellers have strong enough commitment they push price down. Entry could be placed half way of pin bar, target close to next level...

asferruzzi Updated 

Price is trending down on this 12 hour time frame and higher time frames. Price has recently retraced to a previous support and longer term support/resistance. Price also retraced to the 50% Fibonacci level and is within the 8 and 21 moving average. Bearish pin bar has formed indicating sellers have regained control over the past 12 hours and may be ready to...

asferruzzi Updated 

Higher time frame shows obvious down trend, daily time frame also confirms down trend. Price has retraced to an area of previous support and resistance and also the 50% Fibonacci level. Bearish pin bar has formed indicating sellers have regained control of price in the short term and with the overall downward trend pressure, sellers may be ready to continue the...

asferruzzi Updated 

Price is in long term downtrend. 12 hour time frame shows retrace to the 50% Fibonacci level from previous long term highs. Overall momentum is biased towards downtrend. I trade with the trend. A recent inside bar followed by a bearish pin bar has formed on the 12 hour time frame indicating that over the past 24 trading hours price stalled then sellers tool...

asferruzzi Updated 

Price is ranging, bearish pin bar has formed at an area of previous resistance and previous swing point indicating sellers have regained control of price. Sellers may be ready to push price down to the next level of support in the range. Entry order placed half way of pin bar. Risk reward is over 2:1

asferruzzi Updated 

Price appears to be ranging on the daily time frame and down trend on the high time frames. Price has recently reached an resistance area that previously is known to contain strong selling momentum. A pin bar has formed indicating sellers have taken control over the past 24 hours and may be ready to push price back down to the next support area. Sell order...

asferruzzi Updated 

price seems to be ranging on the daily timeframe however weekly time frame shows downtrend therefore overall momentum would be biased towards downtrend. price has retraced to the 50% fibonacci level since the most recent highs and also price has reached an are of previous support and resistance a few times. Bearish pin bar has formed indicating sellers have...

asferruzzi Updated 

Price appears to be ranging on this daily and monthly time frames. Price has recently reached an area known to previously contain strong selling momentum. A bearish pin bar has formed in this area indicating sellers have regained control of price over the last 24 hours. if the commitment of sellers is strong enough that should be sufficient to push price down...

asferruzzi Updated 

Price appears to be in a trading range and is now in an area known to contain sellers. A recent bearish pin bar has formed indicating sellers have regained control of price and may push price down to the next support area. Price is also at the same area as three major previous swing points. Entry could be placed half way of pin bar candle and profit target set...

asferruzzi Updated 

Price appears to ranging on the daily time frame with the higher time frames showing down trend. Price has retraced to a precious resistance area and previous swing point. Bearish pin bar has formed at this significant level indicating sellers have regained control of price and may push price down. Entry could be placed half way of pin bar with profit target...

asferruzzi

Price is trending down. Price has retraced to a previous support area and also the 50% Fibonacci level. A small inside bar has formed at this significant level indicating indecision berween buyers and sellers which also indicates price may be ready to make a strong move once the buyers or sellers decide who is in control. The momentum is down therefore there is...

asferruzzi Updated 

1. Bearish pin bar has formed on this down trend retrace indicating sellers have gained control of price and are ready to continue the down trend. 2. Price has also retraced to a previous support area, the 50% Fibonacci level adding confluence to the analysis. 3. A conservative sell order entry could be placed half way of the range of the pin bar. Profit...

asferruzzi Updated 

1. Bearish pin bar has formed on this down trend retrace indicating sellers have gained control of price and are ready to continue the down trend. 2. Price has also retraced to a previous support area, the 50% Fibonacci level and is in between the 8 and 21 period moving average, adding confluence to the analysis. 3. A conservative sell order entry could be...

asferruzzi Updated 

Daily time frame, price trending upwards, recent retrace to previous resistance area and 50% fibonacci level, pin bar has formed indicating buyers may continue to push price upwards. Risk is 2

asferruzzi Updated 

5 hour time frame, price trending downwards, recent retrace to previous support area and 50% fibonacci level, pin bar has formed indicating sellers may continue to push price downwards. Risk is 2