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Pin Bar

The end of retracement for DOTUSDT ?considering pump of Bitcoin at 53500 level , expecting bullish market in the coming days DOTUSDT is in a perfect situation to reverse . we are at the bottom of channel with the best reversal strategy based on candlestick pattern called "Pinbar" at supporting levels we can also see divergence in RSI that could help we may have a problem with the 38 resistance zone but the market momentum is our leverage Targets in the chart are based on midline and upperline of channel Hope you have a profitable trades
Long
by FX_Achilles
1
GBPUSD - HEAD AND SHOULDER BOTTOM This setup is a perfect example of how multi-timeframe analysis can be such a powerful technique to use in your trading. Starting on the daily wen can IDENTIFY that price has come down to a previous level of structure. We can also IDENTIFY a candlestick formation that shows us to keep our eyes open for a potential reversal. THEN as we work our way down to the lower timeframes, we can now see a classic reversal pattern forming (Head & Shoulders) which supports our analysis from the higher timeframe. When everything alligns as such, it typically lends for the best trading opportunities. As always, please leave me any questions or comments that you may have & feel free to share your ideas as well. Akil
Long
by Akil_Stokes
4
GBPJPY - Bearish BatIf you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade. 1. It has reached the completion price of the Bullish Butterfly Pattern(cyan). 2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in. 3. Long shadows appears, showing a strong rejection of the Bearish Bat Pattern. 4. RSI Divergence is a good sign of GBPJPY weakening.
Short
by RaynLim
ROKU - on the recoveryROKU had a bullish divergence on the weekly 2 weeks ago with a bullish pin bar weekly candle. Since then the daily has been steadily trending with large daily up candles followed by a few days of tight consolidation and then another large daily up candle (higher highs and higher lows). I initiated a long today with a tight initial stop loss a couple of $ below today's candle low @ 320.80. Looking to scale out on the way up with trailing stops. Price targets given are just suggestions for short term traders as the stock might consolidate along these levels. p/s watch out for earnings on 10th November. Take profit prior if uncomfortable to hold through earnings. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NASDAQ:ROKULong
by Juliac
Facebook - bounce coming?FB was among the weak stocks during initial hour yesterday, losing 2.5% to a low of 317.37 before slowing gaining traction for the rest of the day, and recovering most of the initial dip to close a pin bar. The case for a rebound soon is rather compelling due to 1. higher than average volume that formed this pin bar 2. the rebound occurred right after it tested the 200 day moving average Hence I will long as the stock goes above pin bar high 324.5 with an initial stop a dollar below pin bar low at 317. Initial target @ 350 which is the 50% retracement up of the down swing AB (and a possible horizontal resistence there). However there is a risk that earnings could disappoint on 25 Oct and any rebound could be short lived. Should this rebound fail, I will relook possible entries between 298 to 304 where there is a stronger zone of supports there. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NASDAQ:METALong
by Juliac
5
GBPCAD is gonna have a bullish move OANDA:GBPCAD Hi guys , how are you ? I hope you're all fine and having a nice time . GBPCAD is in a great zone for starting a bullish move as we can see in the chart , the price is in an uptrend Also there is great support level with 5 touches ! there is also a Pin bar candle which touches the support level and also before the pin bar we saw that the momentum is changing and decreasing (becoming bullish) what's your idea guys ??? Please write your opinion in comments for us !
Long
by mahdirhimi