Going against a very strong bull trend, but also a good sell signal by red candle and long tail 1.5 r/r
Bullish hammer - targeting a 2 rr I first saw the idea published by Bignatx. I am publishing my own just for journal purposes
Bullish tail two weeks ago, confirmed by green candle last week - go long until next resistance
Short at major resistance and target next support Playing off the double tails from a few days ago
A tail from two days ago plus green candle. A major reversal area in the past year. Trend is heavily against trade and this is just a picking a bottom trade.
Inside bar - not a perfect setup but it'll do. targeting next support with stop above the big "outside bar"
Bearish tails signifying continuing the downtrend - targeting a 3rr near the second support
rejection by 200 ema again, and confirmed by red candle stop above ema and 2.25 rr
short eurcad because of a few bearish tails. risk is that trend is a bit upwards tp is the ema while the stop is above the tails
bearish tails at the top of a downward channel stop above the tail tp is 2rr
Inside bar and bearish (but weak because inside) tail on the ema. Continue to fall until major support 2 RR the stop is above the EMAs
playing the 100ema as a dynamic support which has worked in the past. target is a 2:1 rr.
Target minor resistance. It is trading in the blue box - a major support area. We are also seeing tails in the support area