Pin Bar
ETHUSD | Entry On Pull Back To The Mean | EMA | Pin BarEntry comes after the pin bar form on rectangle resistance turned support at price level 2133.07. Resistance level turned support has four or more touches. Closing price of pin bar is near the price value of exponential moving averages. EMA s are pointing up which indicates an up trend.
Exponential Moving Average Period 10: 2119.21
Exponential Moving Average Period 20: 2096.45
Closing Price of Pin Bar: 2133.08
Trend: Up Trend
Level: Horizontal Support Resistance, Exponential Moving Average Period 10, Exponential Moving Average Period 20, Dynamic Support Resistance
Signal: Pin Bar
Pattern: Rectangle
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Price and Time of Candle
DASHUSD Pin Bar Exponential Moving Average | TargetPrice 335.800DASHUSD | Exponential Moving Average | Dynamic Support and Resistance
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.
XAUUSD Pin Bar on Date and Time 07 APRIL 2021 12:00 | 3.19RXAUUSD Pin Bar 07 APRIL 2021 12:00. Confluence is Pin Bar, Exponential Moving Average Period 10, Exponential Moving Average Period 20, Horizontal Support Resistance Key Level.
Reward Risk Ratio is 3.19R
07 April 2021 Chart
EURNZD 4.93R Trade | Pin Bar | Exponential Moving AverageEURNZD Reward Risk Ratio 4.93R. Pin Bar + Dynamic Support Resistance aka Exponential Moving Average + Horizontal Support Resistance + Double Bottom Pattern = Confluence For A High Probability Bull Trade Set Up
XAGUSD Target Price 25.84669XAGUSD Pin Bar and Exponential Moving Average (05 April 2021 08:00) (24.77787)
USDCHF 4.42R Trade Completed | 15.6 Stop Loss | 68.9 Take ProfitUSDCHF Pin Bar, Exponential Moving Average, Horizontal Key Level, Head and Shoulders Pattern.
Mixed Signals on AUD/USDUptrend and pinbar on support.
Potential reversal pattern and a lot of supply
The key is knowing when the setup breaks down and need to get out of a trade
ZS - Ripe to accumulateZS tested a horizontal resistence turned support @ 163 yesterday, closing a bullish pin bar. Incidentally a bullish divergence between Price and RSI became apparent this morning as it opened with a gap up. Time to accmulate. However initial stop loss is currently at 160 (just below yesterday's pin bar low), hence position size accordingly to cater for this wide move.
Protective trailing stops is always a good practice. However it needs to be wide enough to cater for some volatily so as not to be stopped out pre-maturedly. (money mangagement is important and really an entire subject by itself, guys).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
SNAP -another chance to snap some upSNAP's trendline support is still valid. It bounced off this support on 8 March, swung up from 52 to 65 (forming a mini swing AB) before retracing almost all the way test near the trendline again today. After a scary start to the day (when SNAP was down more than 6%) , buying support came right near the trendline and recovered to form a bullish pin bar. It sure looked like SNAP's "supporters" have been eyeing to stake around this trendline!
Still bullish on SNAP as long as this trendline is not breached. Current stop loss will be 53.90, slightly below trendline.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
