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Pin Bar

GOLD SHORT!Hey Traders, We were pretty busy recently working on our new YouTube channel, so apologies for not being active for a while. Gold produced a lovely textbook bearish pinbar confirmed by a high volume. It is also a sell zone with a huge psychological number 1350 + monthly resistance +weekly angled resistance+ daily bearish divergence. Therefore is it our hot spot. The more confluences the higher probability for us to make some money. What is your bias on this market? Happy Trading!
OANDA:XAUUSDShort
by CryptocurrencyWizard
How Far could this Technical Correction move, before The Long TeThe last USOIL weekly candle formed a bullish pin bar pattern following a closure. The Pin Bar candlestick pattern is one of the most reliable and powerful candlesticks patterns for technical Forex analysis. If this pattern is found near a support or resistance key level, it is then a reliable indication for a reversal pattern. Although the last week candle ended as a bullish pin bar candlestick pattern, zooming out for the bigger picture. it is clear that the long term momentum in USOIL price remains bearish. It seems that for the long term, any upward movement of the price will be considered as a technical correction, regardless of the price continuing a bearish momentum. First, it will move upward to collect unfiled orders from the supply above, which we can see on the 4H chart, and maybe even from the supply at the top. On the 4H timeframe – A fresh demand zone located just below 52ish, if the price touches this demand before reaching the supply above, it will be great timing to open for a buy position. The supplies above will be the first target and the one at the top is the final target.
FX:USOILLong
by the5erstrading
1
TECHNICAL ANALYSIS OF NEOUSDT CRYPTOCURRENCY PAIR Third week of February has seen the biggest buying in Binance history for the pair. Bearish pin formed and was later broken to the upside. Price action of the last ten weeks is signaling break of important 13.800 price level. NEO seems to be a good investment opportunity and 13.800 is a good price to buy. Margin trading should be avoided. Even if the mentioned signals don’t work out, the next idea is just to hold NEO. If bull trend develops reaction around 25 level is expected. One option would be to take some profits out. Next (major) level is 40 and price reaching that level means having nice profit. Maybe holding on to some NEO after that for some wilder ideas is not so bad. Here is the link for fundamental research. neo.org Picture tells more than thousand words. Enjoy.
Long
by UnknownUnicorn4442145
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
1