Potential long opportunity on OIL. A recent level of structure has been broken followed by a consolidation pattern which on lower timeframes resembles a flag, on higher timeframes such as 6H and 8H this presents as inside bar stall patterns. This could potentially be indecision before bullish continuation. I have a limit order set at the red area looking for 2.5...
Recent bearish pressure on the NAS100 , also on the 12 HR chart on the right a pinbar rejection candle has began to form, on the 4H chart on the left this is presenting as a bearish engulfing. Potential idea to look for a short in the recent term trend.
The right hand daily chart has formed a bullish pinbar rejection at a recent level the market has struggled to break. The overall trend is bearish but i am hoping for a small bounce to make a minimum of 1:2.5 RR.
Hi guys I have a limit order at a 50% retrace of a daily pinbar sell signal. The 8HR chart also shows bearish rejection and bearish pressure in the short term trend. Made some nice profits this week from some range bound & directional moves. Keep it simple guys...... trade what you see when it makes sense.
Usually take entries from 1 H chart although this setup was clearer to me on the 4H with the engulfing pattern at key resistance. Used a 50% limit order entry to get a better chance at 2:1 and above risk reward. FX:NZDUSD
www.tradingview.com
Looking for short entries at this most recent daily level of resistance in the current downtrend.
Waiting for possible bearish evidence in this area:
Double top , pin bar candle, engulfing candle etc.
Wait and see !!!
Price Has made recent bearish structures on the 8 hr and Daily chart , it has been moving below the 20 & 50 period EMA's and has pulled into a daily chart area of value.
The pattern on the 1hr chart has oversold on first test and bearish divergence.
Hi Guys , There is a bullish pinbar forming within the existing uptrend on this market , Price making higher highs and higher lows.
Trading above the 50 and 20 day EMA shows long term bullish behavior. FX:AUDJPY
Currently holding a long position from the previous swing low bullish candle.
FX:EURCAD www.tradingview.com
Can see a forming pinbar rejection candle through a recent structure swing level , could be a potential short term reversal signal.
-Good entry risk level at the 50% retracement of the pinbar candle
-Stop loss placement above the high (3 pips or so on daily chart)
-Take profit at 2R of defined risk.
As price approaches this 4 hour resistance zone , there also happens to be an equal measured move, and some Fibonacci confluence from the previous legs of the move down on the lower time frame. Aside from that, an initial test of this level, followed by a re test may provide a trading opportunity for a bullish relief.
This market has just broke and closed below a key structure level, bearish mentality on this market , looking for a reason to enter down on the 1hr and 15 minute time frame , this could be a re-test at structure or exhaustion in a trend continuation move lower.
