if price breaks above 0.7508 we may see more upside. There are multiple factors supporting this: break of resistance around 0.75 double inside daily bars break inside bar + pinbar combo break We may see some consolidation or retrace first. I will have a buy entry order in place this week. Wanna know how I trade? Check www.davetromp.net
Break below 1300 could mean more down side?
Looks like kiwi is accelerating higher. I will enter long at break of todays high with a stop at previous swing low.
If price breaks below yesterdays low I'll be short with a stop above yesterdays high. Targetting 2R.
Enter at the break of the top of today's candle. Stop at the other end of the candle. Targeting 2R.
I missed the first leg down as the stop was to wide for my risk appetite. Now I have a second chance as a bearish pinbar formed under a weekly support and resistance level.
Going long at the break of yesterdays high at 0.7570 targeting 2R
First trade is entered now at market. Second trade may be entered at the 50% retrace level of the pinbar. Stops on both trades are above the tip of the pinbar and above the 21 ema. The order for a third entry short is still in place below last fridays low:
Bullish pinbar of support in line with the fundamental underlying story of uncertainty in the market could result in a continuation higher for a nice 2R targeting trade.
Entry short below 1.1000 First target at 1.2R Second target at 3.3R
Price has been making lower lows. Fridays candle was an inside bar. A break below the lows of friday will enter us short targeting about 3.5R
If price breaks below 1.2800 I will enter short looking to make 2R
Daily candle closed just above 1,3000. Price has been making higher lows. A bullish pinbar formed on horizontal and dynamic support. Target at 2+R Stop below previous swing low and historical S&R level.
Looking to take profit at about 2R or possibly at about 3R at 2140 if we break above 2120
Not really a perfect pinbar, but a clear bullish rejection of a support zone, dynamic support of 21 ema and recent / short term support. More or less similar to the pattern on the EURUSD. Looks like market is anticipating weakening USD, which is in line with recent events such as: Fed keeps interest rates unchanged, signals fewer future hikes