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Pinbarsetup

Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks. - We have reach a high in the market @ 1.095. - This high was made after a bullish A,B,C,D pattern aka (Trend). - In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085. - We currently have made a bullish pin bar rejection candle on 3/19/2024. - Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month. - Breaking the 1.098 level, could lead to a bigger move up toward 1.11. ** as always, trade smart, trade responsible, and manage the risk as much as the reward **
Long
by ThePipAssassin
2
EUR/USD Builds Bullish Momentum with Strong Support and Pin BarAfter bottoming at 1.0760 exactly one week ago, FX:EURUSD has started to consolidate, forming what appears to be a base. Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday. To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move. With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2. My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
Long
by Mihai_Iacob
7
ETCUSDT | Wave Projection TFW Ending Diagonal Breakout SetupWave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup > The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone. > Now with multiple false breakdown, possible pinbar long entry setup pattern. > Target Zone: 0.618 - 0.786 Fibonanci retracement - Volume profile point of control area + 80% upside > Stoploss Zone: previous low with a pinbar looks like the right shoulder of a mega inverted Head & Shoulders -20% > RRR: 4:1 RSI TFW bullish signal - uptrend above MA and squeezed below 50.
Long
by dukeposh
GBP JPY - Short Observed on Weekly Time FrameThe weekly chart for GBP JPY is telling a story. It starts with showing a broken trendline. As you can see on my chart, the trendline is broken to the downside and then retested (also retesting a major level of resistance). At this meeting point, a weekly pinbar is formed (highlighted in green). Price shows us a rejection as its reaction. There are only 3 main objectives from this point: 1. Set a stop loss 2. Set a target 3. Let price do its thing
Short
by JohnnyB61887
EURUSD SHORTEURUSD is behaving like it going to go south for a little bit, let me explain, The price as hit a very strong resistance, the 1.10 level, and is rejecting a couple other major chart elements, I'm going to look for entries on H8 - H12 and D1 and help EURUSD get to the 1.04 - 1.05 Level first, then back to the 1.00 Level is further selling pressure The reasons are the following : 1) Price has rejected the psycholigical level of 1.10 2) Price has retested and rejected the Trendline of a massive correction that happened between 2017 and 2022 (the red trendline) 3) Price is rejecting the 50% Fib retracement of a the huge downtrend that occured between may 2021 and October 2022 4) All of this is confirmed by last week's closed weekly candle, that is making a beautiful pin bar, after it did a false breakout to go and get liquidities from the 1.10 Level All for this is constituting a case in favor of a drop of the euro, I will look to short it until it shows any strong signs of reversal on the different levels mentionned above, the 1.05 level, the 1.00 level, and eventually, the 0.95 Level Don't hesitate to leave a coment or ask if you have any question Cheers and trade safe!!
Short
by aemerydufoug
1