Pin Bar
Pin Bar at 50% Fibonacci Retracement and Resistance LevelIn the USOIL Market, the ideal entry was to enter at 70.55 and 70.54 price area. This zone area is where horizontal resistance level overlaps with 50% Fibonacci Retracement Level. Also USOIL was in the downtrend. EMA 10 is below EMA 20 which indicates a downtrend.
Horizontal Resistance Level had a minimum of three touches.
FB - Opportunity to long soon?FB has retraced nearly 8% from it's recent high @ 377.55 to a low of 347.70 today. It has since rebounded off today's low to 351, which is at gap fill as well a the 61.8% fib retracment of the recent AB swing up. A mini pin bar (daily) appears to be forming right now.
Look to long next day if it goes above today's candle hi of 353.8 with initial stop loss just below 347.70. Looking for initial profit @ 377.
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 according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
LTCUSD Entry Price 118.94 (July 22nd 2021 Trade Idea)Price closed above horizontal support level at 119.10.
Price pulled back to EMA 10 Close Price 118.83, EMA 20 Close Price 117.74, and Resistance turned Support Level Price 119.10 on July 23 2021 at 19:00. Price closed at 118.94. Entry at 118.94 on H4 Chart.
Measured Objective
Potential BTC short- Bearish engulfing with pinbar at 1h, 2h and 3h timeframes
- at strong resistance level
- at VPVR level
- Market Cipher bearish red dot with purple diamond at 2h TF
- RSI returning from the OB condition
Entry: at the 3h candle close
SL: 32300
TP: upon your criteria (careful with 31100 support in case we´re in short term bullish trend)
DISCLAIMER: not a financial advice, just my own perspective
Bullish Trend ExpectedA strong reversal candle is expected, such as Abnormal Pin Bar , which is also confirmed by the volume at key level 1 or key level 2. If this expectation comes true, the upward movement has begun.
The volume confirmation means to expect the volume to be higher than the volume moving average (20).
Next bullish is going to startBullish Abnormal Pin Bar Appeared in an Important Key level also it's a key low point and the volume confirms the movement too.
This could be the pullback after breaking Trend 1, but my opinion is that the new departure is beginning because of the volume and moving averages confirmation. A strong pullback to Trend 1 will approve my idea and the target will be $9.6.
If the price breaks the $9.7 level with a strong move, the next target will be around $11.4 - $11.8.
My trade details based:
- 1st entry: $8.24
- 2nd entry: $7.9
- SL: $7.22 (or if weekly support is broken by a string bearish candle)
1st target: $9.6
2nd target: $11.3
Indicators used:
- Abnormal Pin Bar
- Trend Key Points
Bitcoin will close to the week at $34500 - $35000 Bitcoin started the 9 Jul with an Abnormal Pin Bar . At the same time, that candle has returned from a strong key level and a trend 1 support. Also the volume approves of the return too.
I think the overall situation isn't very heartwarming, but it will go green for bitcoin this weekend. and It’s going to start next week in the $34500 - $35000 range.
Indicators used:
- Volume (20)
- Abnormal Pin Bar (2, 4.5, 2)
- Trend Key Points (10, 3, 1, 0, 2, right, 10)