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Pin Bar

EURUSD with a solid chance of a bullish reveralWe just went long on this one after lots of preparations we believe it is a good time to go long. We reviewed the EUR vs all major trading pairs and there are good chances of a bull reversal, on the other side the USD looks pretty weak and even the DXY agrees... maybe its too soon as its still just Monday and there is so much more info to come out but we feel confidant we go into a good price for buying EURUSD! There is a gorgeous reversal candle on the 1D chart which might help us out too!
Long
by PrimedGroup
ETHBTC - And There's the Breakout. What's Next?As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed. In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that significantly increased the likelyhood of a bullish breakout. Now that price has broken out it looks like 0.025 will be the next area for a potential pullback. Although keep in mind that the velocity of this movement is so strong it may very well break through this resistance and in short order flip it into support. Regardless of how great a pattern is, none are guaranteed to be successful. It is a game of probabilities. Always trade defensively and protect your capital.
Long
by krugman87
1
GBPJPY 1000 - 1800+ pipsGPBJPY just touched a trend line which is descending since jan/2018 which is the upper line of a descending triangle chart pattern and has formed a bearish pin bar, as I see the price will fall down to touch the lower line of the descending triangle my entry points will be 141.9 that will be in case the price retested the upper trend line 140.850 that will be when the price breaks the local trend line ascending from Nov/2019 138.980 that's when the price breaks down the 139.240 key level and my targets will TP(1): 139.550 (short one) 200+ pips TP(2): 135.910 600+ pips TP(3): 131.650 1000+ pips and Stoploss @ 144.250 Don't forget to leave a LIKE Check my idea's here: www.tradingview.com follow me to get the latest analysis daily thank you Good luck
Short
by jihadHejaz
1