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Pin Bar

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
US100 / NASDAQ, daily tf, buy on retest of supportHello my friends, Another setup for today is US100 or known as NASDAQ. This is my first post for trading indicies so i am gonna take it slowly. As you can see price has been making 3 indecision candles in the last 3 trading days which looks like bullish pinbars to me. This indecision candles happened to be at support after price dropping for 600 pips. In my opinion we could see price rebound from this support as there is also EMA support at this level. Buy US100 at 11630 Stop loss 11500 Take profit 12150 RR ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : I bought US100 from 11630
ULong
by HayatoDragonFX
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
ZRXBTC nice pinbars on weekly support 🦐ZRXBTC nice pinbars on weekly support. IF the price will break the resistance, we can see a new bullish impulse, but if the price will lose the current support, we can see a very long bearish impulse. Now we need to wait to understand If pinbars mean to reverse the trend. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
14
Opportunity at GBPUSDIn recent weeks, the news coming out in connection with the negotiations for additional QE of the Fed, as well as the news about Trump have caused great fluctuations in the markets. A seemingly clear direction can be reversed very quickly. So be careful. Put the Stop Loss and determine the risk correctly. You know that if you have questions related to Risk Management, you can contact us. Today's option is with GBPUSD. Here we have a clear break of the upward trend. After it a bottom is formed, as well as a lower peak with a pin bar. This suggests that the upward movement is exhausted and we expect to see a subsequent downward movement. The recommended entry is when the price breaks the previous bottom! This model will break if the price goes above the previous peak of 1.30. In case of positive development we expect to see: 1.2867 1.2830 1.2719 Once again - be careful and trade at reasonable volumes! If this analysis has helped you, then like, comment and follow us
by ForexTrendline
Two dueling pin barsThis is a market we have been discussing heavily in recent times. Price has been holding at the intraday price flip support level and consolidating. As discussed yesterday, for price to make any sustained moves back higher it would need to bust through the intraday resistance. Whilst price attempted to make a move back higher in the previous session, it ended with a bearish pin bar. These two dueling pin bars look important. As per the weekly trade ideas from yesterday, until one of these two levels breaks it will be a tricky market to trade. Thanks for your like and support....
FX:XAUUSD
by TaherJalili
AUDJPY best time to BUY? Reasons : In AUD/JPY price protected by serveral important factors which: 1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100 2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060 3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support. 4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area! 1:2 RR
Long
by FOXofFX
2