Pin Bar
TTWO - Bullish Pin Bar in the makingAfter a sharp pullback to test the 61% fib retracement, TTWO looks to be forming a bullish pin bar today. I would tentative enter now at about 130 with an initial stop just a few ticks below today's low of 126. Should the trade work out, I would be trailing my stops upwards with a view for it to retest it's recent high at 1.48
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.
ETHUSD Live Trade Dissection and Detailed AnalysisIn this video I talk about a live trade I have had open since yesterday and my thought process with setting entry, stoploss and profit targets. I also cover hourly, daily and weekly candlestick analysis. This video builds on top of the analysis I posted yesterday.
GDS - How to do ANALYSIS from the BLANK CHART! 90% of the work!Hey traders,
do you want to see, how to analyze the market? What are my thoughts behind the process? If so, then this video is for you.
Many traders think, that I only draw some lines or zones, but the truth is, that the analysis is more complex.
You have to understand which groups are participating in the market and which zones are attractive and WHY!
Entry based on some PRICE ACTION pattern is only 10% of the work you have to do.
I focus on the GDS stock, which showed relative strength compared to the whole STOCK market. Insiders believe that the bullish trend will continue. This two information gives the GDS right to be part of my watchlist for the upcoming week.
I hope you will like the analysis.
Good trading.
Jakub
FINEIGHT
BTC, ETH and Alt market analysisIn this video I look at about a dozen different crypto markets that currently have interesting price action.
Bottom Head & Shoulder, 80% Sell OpportunityChart Patterns: "Bottom Head & Shoulder", "Range Double Top"
Candlestick Patterns: "Pin Bar" & "Engulfing"
Entry price: 1.09670
Stop Loss Price: 1.10250 (58 pips)
Take Profit Price 1: 1.08865 (80 pips)
Take Profit Price 2: 1.07830 (184 pips)
Estimated Duration: 1-4 Days
Probability to Meet Target: 80%
NZDJPY Range Market Sells Another range bound market making a nice setup to continue down. We can see here that price has created a range between 66.131 and 63.474. We would anticipate that when price will sell at this resistance after creating a nice bearish pin-bar. Although there was indecision in the market, sellers have managed to enter at a decent price.
Now, for us to change our bias to Longs we would expect to see price break above the resistance (66.131), retests and initially create a new support at 66.131 and continue higher. But for now, we will continue trading this range down. Let's see how this plays out.
NZDJPY SELL
Price: 65.905
SL: 66.449
TP: 63.881
EURTRY weekly bearish bat and shooting star combination shortEURTRY has been approaching its all time high and hit into the bearish bat.
Here we got a weekly shooting star broke to the downside, I would kinda love to take some short this week.
Tiny position would be fine to try to hold as long as possible as a carry trade.
Let's see how it goes yo!
CN50 sellsTechnicals:
D1 downtrend, bearish gartley, at resistance
H4 pinbar
Possible head and shoulders formation on D1 over the next few weeks
"Goody Bag", for Breakout Traders!Price-Congestion is going to mature. After accumulation or distribution process from money-makers, price will move far away from current value which will be result as Breakout.
Right identification of Breakout will fill your portfolio but, always require patience. There're lot of traders works when breakout. If you are this type of trader, then ready!
Point should be careful while breakout are following:
Pin Bar
Volume surging with price
Gap
Invalid candle
Last and First of secession
etc.
Best of luck...!
FFIN Short SIGNs - PINBAR/VOLUME/TREND-LINE/...Hi traders,
yesterday´s SHORT trade in the NASDAQ:FFIN market contains many confirmations. INSIDERS became heavy sellers and Price Action showed many resistance levels, that can stop the market in case of a long move.
Connection of PinBar, Value area, Volume profile, and trend-line created the whole picture, that we need for a decision.
Parameters of the trade:
Direction: SHORT
Market: NASDAQ:FFIN
Entry: 26.81
SL: 28.96
PT: 22.51
Good trading!
Jakub
FINEIGHT
PAYC - again the MAGIC TRENDLINE + hidden PINBARHi traders,
I do not have many LONG markets in my watchlist for the upcoming week. After such a big drop, 70% of markets are in the Short Watchlist.
Truth be told since stock markets are mostly grown, I don't like Short trades very much. BUT!
The analysis showed me that in big declines they save money and smooth the equity curve. And that is the main thing. No one knows if we will go down in the SPY market or not.
So even if I don't like to take them, I have to do that and follow the plan. And that's why I'll show you some markets from my Short Watchlist tomorrow.
From an educational point of view, I am talking about "Hidden PinBar" in the NYSE:PAYC market.
Good trading,
Jakub
FINEIGHT