Pin Bar
Facebook STRONG SUPPORT level & How to see the structureHello traders,
very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB
If you connect these points together, you will get the whole picture, what's happening in Facebook:
PINBAR
TRENDLINE
POINT OF CONTROL
ZONE
VALUE AREA
TRADING RANGE
During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :)
Good trading.
FINEIGHT team
Too many SUPPORT levels for AAPL - possible HOMERUN?Hello traders,
many support lvls in the NASDAQ:AAPL market raises confidence to enter LONG trades.
We analyze the graph using very sophisticated tools - Market profile, Volume profile and well-known and typical Price Action.
BUT! Even if we analyze everything beautifully, it does not mean that it will work out. Keep in mind that coronavirus causes panic and illogical behavior.
Good trading guys.
FINEIGHT team
EURAUD short - Supply Demand Setup h4, PinbarHello Traders !
Today we will have a look on EURAUD. Kind of a nice setup. We pushed down from a h4 Supply Zone and the price formed a new one. Now we got a pinbar which could lead to a nice correction in order to grab more liquidity.
Pinbars:
This kind of Candlestick is made by the banks because they took profit of their trades. Therefore most of the time price will reverse or will make a little correction before continuing the Trend.
Setup:
Now we could see a nice correction from here to the h4 Supply. There I would take short if we will get a Price Action Confirmation. The h4 Support Line will be my Take Profit Area.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
GBPUSD LAST SELL before STRONG SUPPORT I’m sorry, for so late analysis. I was entered on: 1.1615, but didn’t have time to publish idea. Any way I suggest price to go down to the STRONG SUPPORT/TREND Line.
So, the reasons:
1. As I said, Price is going to the STRONG support/trend line.
2. Price made a little bit retracement, and made a 4 hours pinbar.
SL: 1.1700
TP: 1.1150
Let me know, what do you think?
ETHUSD - Worst Case ScenarioI believe this yearly chart shows the worst case scenario facing ETH holders, which involves price decisively breaking down from the bearish pinbar that formed on the yearly candle in 2019. If this pattern plays out then the next major support doesn't come into play until around $40-50. That is about 40-50% lower than the lowest price that was hit in the epic selloff last week, and about 65-70% lower than current prices. Hitting this low does not effectively change the long term perspective of Ethereum in my opinion, but would make for an absolutely brutal bear market for everyone.
AUDUSD LONGThe reasons:
1. STRONG Support Level;
2. Price get the minimum from 2009;
3. We have Pinbar on 240 min;
SL: 62.600;
TP: 65.700 but if in the end of the day we will get Daily Pinbar, we can change TP to the: 67.00 and more...
Let me know what do you think?
AUDCHF Channel Potential Buy.Not much here to say. Price has reached the edge of the parallel channel and is printing a bullish pinbar on the daily chart. I will be entering after the candle closes. Hopefully to profit in the coming days. Cheers!
USDCAD WEEKLY UPThe reasons:
1. STRONG WEEKLY Pinbar;
2. STRONG Support zone;
3. Price broken and closed above STRONG Trend line;
Entry point: 1.3370;
SL: 1.3320;
TP: 1.3520 or next Resistance 1.3650;
RR - 1:3;
What do you think?
GBPUSD BEST for SELLINGThe reasons:
1. We have STRONG resistance on 1.3000;
2. It’s maybe going to be a Head&Shoulders pattern;
3. We have Pinbar on 4 hours;
4. Maybe it will be DAILY Pinbar;
5. Price didn’t make retracement for a long time;
RR = 1:4
SL - 1.30300
TP - 1.28800
What do you think?
AUD/USD - LongI have been waiting for this trade for a while now, the pair has been catching retail traders on the wrong side for the past week, however, I decided to stay out, trying not to "catch a falling knife"!
We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart closing above that 0.6500 level, but I am watching to see if we can have a second test of these bottom levels before the big upside, patience will be key for this pair even still.
LINK Is About to Go Nuclear*DISCLAIMER* The weekly candle is not yet closed!
That aside, if the weekly candle closes somewhere in the price range it is at right now, we are looking at a very bullish setup. The setup is an inside bar / pin bar fakeout, on the weekly, on major support, and is with the prevailing trend. You really can't ask for much more. It is important though to wait until the weekly candle closes to make any trading decisions.
AUDUSD GOING DOWN AUDUSD is going down during a few days, so better to follow by trend than looking for Support zone.
As here is not strong support zone, I suppose that price will go down to the trend line after this Resistance zone. Also we have Pinbar as PA Confirmation.
What do you think?
EURUSD SHORTI think the price will go down, reasons:
1. We have Strong Pinbar on 240 TF;
2. We have Strong Resistance Zone;
3. The price touched Trendline;
4. 50% of Fibo;
5. Stochastic is overbought;
SL: 1.10100
TP: 1.08800 or 1.07800
Let me know, what do you think about it?
$230 breakout rejected and price stuck in downtrendWe can see a huge pin bar which could be interpreted as price rejection.
Price stuck in an extended descending channel.
I would expect a continuation of the decline to the $180-190 level.
USDCHF is going UP?The reasons:
1. Today we had 1 new coronavirus case in Switzerland;
2. Daily Pinbar from STRONG Support zone;
I think the best way for entry is on 50% of Pinbar.
The target will be on the next STRONG Resistance zone, near 0.9840
Let me know, what do you think about this analys?
Thanks!
EURUSD is better to SELLI think price will go down, the reasons:
1. Every day we have a lot of Coronavirus cases in Europe;
2. Price cannot break STRONG resistance line on 1.0880;
3. We have Doji on Daily Timeframe;
4. Doji touched EMA 21;
5. We have Pinbar on 240, like entry point;
Let me know, what do you think about this analys?
USDCAD LONG with MINIMAL RISKWe have support zone and weak Pinbar. I think price will go up to the next resistance zone, so I’d like to buy on 50% of this Pinbar with SL on 1.3268.
What do you think?
USDCHF is going upWe have strong support on 0.9760 and it's going to be Daily Pinbar from this support zone. If Pinbar will close good, also this pinbar is from EMA 21.
I'd like to buy on 50% of this pinbar. It's 0.9790 level.
