Analysis 1. USDCHF daily candle closed as a pinbar at support (Rejection of lower price intraday) 2. Stoch/RSI showing bullish divergence as price is making lower lows which is implying weakening of sellers 3. Stoch/RSI coming out of "oversold" areas on daily chart Trigger Set pending buy stop on the break of the pinbar candle's highs Trade -Set stops...
Analysis on Chart Trade Entry: 147.46 (Triggered for me) Stop: 148.04 Target: 146.30 R:R = 2
Analysis -CADJPY daily candle closed as a spinning top or indecision candle at a solid resistance level. -Price overall is near the top of a symmetrical triangle (daily pattern = strong) -Stoch/CCI/RSI all near overbought area Trigger Set pending sell stop on the break of the spinning top candle's lows. Trade Set stops above the highs of the spinning...
Analysis NZDJPY is completing a double bottom on the daily chart. Additionally, a bullish pinbar close is imminent on the daily chart. Trigger Once the daily pinbar closes, set pending buy stops on the break of the high of the pinbar candle. Trade Set targets at the 74.50 level. Gauge price momentum (x and y axis) to determine if a break of the 75.00...
Analysis -EURAUD at yearly highs. -Bearish pinbar reversal closed on daily at resistance. -All oscillating indicators are in overbought territory. (Candlestick patterns or price always precedes the curl back of oscillators from overbought or oversold conditions to normal conditions) Trigger Set pending sell stops on the break of the pinbar candle's lows....
Analysis 1. Bullish pinbar reversal closed on daily at support. 2. Price at bottom of descending channel 3. NZDCAD at yearly highs. 4. Descending wedge ( bullish ) within channel 5. All oscillating indicators are in oversold territory. ( Candlestick patterns or price always precedes the curl back of oscillators from overbought or oversold conditions to...
Analysis EURJPY has been forming a symmetrical triangle around the 129.35 level. During June and July it formed an ascending channel within the larger triangle. Trigger August 2nd it broke and closed outside the ascending channel. Additionally, it closed below a support level August 2nd and 3rd. Trade Now looking for a retest of the 129.35 level for a...
Analysis EURUSD has reached a support level. Trigger A bullish engulfing candle (essentially a pin bar on higher time frames) near support zone signals bullish price action in the coming days. Trade Look for entries a few pips above the bullish engulfing candle and stops below the swing low. 2 to 1 reward to risk ratio.