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Bearish Pin Bar

EURUSD Sell after trendline breakBearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone. Confluences: trend line break with retest on a lower time frame, bearish pin bar at the reversal point on both the daily and 4 hour charts.
Short
by MartialChartsFX
1
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short. The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
by PetrockFxTrading
4
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends, Before i start with today trade ideas, let's review some of the trade i took yesterday. There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions. Both trades now closed with a nice profits. First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit For today i am going to sell NZDUSD because i think this pair could have some retracement retesting 0.6940 area. The reason why is because price already broken below the ascending trendline and stopped making higher high. This recent movement could be a lower high and might be followed by a lower low. If you see the last daily candle close, it is also very clear that it was a bearish pinbar so we could see sellers step in to push price down. Sell NZDUSD 0.7065 Stop loss 0.7105 Take profit 0.6945 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPAUD, daily tf, sell the bearish pinbar candleHello my friends, I found something interesting with GBPAUD pairs. As you can see, friday candle close was very interesting. After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session. The result of Friday movement is the daily candle became a bearish pinbar candle. I would say this mean sellers really step up and controlling this pair right now. We will aim to sell this pair for next week. For this trade setup we will wait for some retracement before entering sell. The best area to sell will be around 1.8175 because there is a horizontal resistance level here. Sell GBPAUD 1.8175 Stop loss 1.8225 Take profit 1.7875 (6R) RR ratio 1 : 6 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURUSD, 4hr tf, double top / bearish flag in playHello my friends, Today we are going to trade with EURUSD. As you can see price has been moving up respecting the ascending trendline for 1 week. Today price finally closed below it on a 4hr timeframe and it also looks like price making a small double top pattern. This could be a bearish reversal pattern so we are going to try selling EURUSD now. If you look at daily tf, you cold also see that previous daily candle close looks like a bearish pinbar or shooting star candle. Based on DXY as well, there is a potential DXY making a double bottom so we will try selling EURUSD as this pairs are mirrorring DXY movement. Sell EURUSD 1.1865 Stop loss 1.1905 Take profit 1.1705 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURJPY, daily tf, double top pattern to materializeHello my friends, I hope you all enjoy your weekend and have a great trading week during this US Election week. I am gonna share some setup for you all but before i start, let's review the previous week performance. First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade Second poisition is GBPAUD sell at 1.8300 which i closed at 1.8060 for +240 pips. I managed to banked 6% profit or 3R Third position is GBPCAD sell at 1.7170 which i closed at 1.7000 for +170 pips. I banked 5.6% profit or 2.8R I still got some positions floating through the weekend and please check my posts if you missed it. Let's start with EURJPY analysis. As you can see, it looks like EURJPY made a double top pattern and price already broken below the neckline. This upwards movement looks like a retest to me and it could be a good sell/short opportunity. Counting the measured objecive of this double top pattern, it shold be around 121.00 So we could try selling it for 190 pips drop. Thursday candle looks like a bearish pinbar indicating sell pressure, and Friday candle looks like an inside bar of previous candle. With this 2 candle forming exactly at resistance, i expect price to drop because sellers are in control for now. Sell EURJPY 122.80 Stop loss 123.30 Take profit 121.15 (3.3R) RR ratio 1 : 3.3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders. Step 5 SL below Entry Candle Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
Education
by Tradingstrategyguides
4
WEEKLY ANALYSIS AUDUSD! VULNERABLE NEWS AHEAD OF AUD! Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright! AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and news will be announced. Therefore, expect AUD to lose some strength. A push to the downside is most likely to happen and ideally to retest the trendline which lies at 0.7043. Do enter the trade with your own risk management control. It's not about you versus the market, it's always you versus yourself. Happy trading!
Short
by ChinSengFx
2
EURCAD Support & Resistance TradingSTRATEGY: Support/Resistance Trading Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H Market Condition: Ranging Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936 Entry Trigger: 1H: Bearish Pin Bar 4H: Bearish Engulfing Entry Price (EP): 1.46725 Stop Loss (SL): 1.47432 Take Profit (TP): 1.44753 (2.79R) Analysis: EURCAD is currently at a ranging market condition as we see clearly on the chart. Looking on the 4H Time frame, we can see that price rejected the Resistance Zone with Bearish engulfing. On 1H Time Frame, the zone got rejected with 2 bearish Pin Bars. Prior to these, we can see that the price approached the Resistance Zone with High Momentum. This usual type of move approaching either Support or Resistance Zone usually indicates trend reversal. OANDA:EURCAD DISCLAIMER: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
1