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Pin Bar

EURJPY Heavy Divergence Between Price and Momentum...Analysis -EURJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a very clean pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD divergence on the 1H time frame following a head and shoulders pattern which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels) *Trade safe and at your own discretion!*
Long
by Mankz
USDJPY's Stop and Reverse Setup...Analysis -USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD divergence on the 1H time frame following a double bottom pattern which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels) *Trade safe and at your own discretion!*
Long
by Mankz
AUDUSD Momentum Fading (Upside Ahead)Analysis -AUDUSD looking bullish and showing signs of a potential reversal following days of consolidation. -The price action in the consolidation resulted in a daily pinbar at support which is a bullish sign. -On the 1H time frame, price is making equal lows and looking to break the trendline to the upside. -There is also bullish MACD divergence on the 1H time frame which further eludes to price possibly moving higher following the equal lows. -The reward/risk is good for the setup (given the distance between daily S/R levels) *Trade Safe and at your own discretion!*
Long
by Mankz
Have a look at GNC weekly bullish set-up, as my wife said so!GNC's endless slumping is kinda hard to understand for me, and I usually get away from this kind of stocks. A profitable healthcare/retail drug store with only 3+ P/E and a non-stop downtrend from $60 to $2.5 a share in such a bull market!? Hard to believe, but anyone who tried to pick the bottom based on those fundamental numbers worked horribly so far. Let's not pay too much attention on its fundamentals, let's go back to the chart! Here we got a weekly bullish butterfly with a hammer, not a bad set-up, and most important of all, my wife said that she has a feeling that it would be a better investment than buying the lottery! So why not, I'll get some position here with very little risk there to put the out below 1.90. Maybe 500 shares with $300 risk and see how it goes! Happy wife, happy life yo!
GLong
by Trader_Joe_Lee
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