MehisTambu

MehisTambu

As we can see the overall trend is down, price currentrly at trendline resistance and at horizontal resistance also a bearish formation of inside bar formed into pin bar

MehisTambu

Identified acending triangle, wich will probably lead us higher and currently price ging to close above 21 EMA

MehisTambu

EJ probably going to fall down due to strong down trend and respecting the EMAs from the past

MehisTambu

Only minus is the retest of the of the old support, now resistance , but I belive there will not be that much bullish pressure and we have still room to go south

MehisTambu

UC reasons for long and a pin bar rejection signal

MehisTambu

Huge descending triangle waiting for price to reach entry area

MehisTambu

Might be in a trend changer, price currentrly at 50% retracement from last years weekly pin bar from september. If the price breaks through the support we have a long term long trade.

MehisTambu

All on chart

MehisTambu

Price action trading analysis

MehisTambu

All on chart

MehisTambu

Might be worthful considering AUDUSD short from the resistance. Multiple entry possibilities.

MehisTambu

There is one formed H&S, not perfect but its there, what got my attention could it be possible to form another over it. Any comments are welcome, aint interested trading it but on educational purposes I would like to know :)

MehisTambu

All commentary on chart, making it more easier

MehisTambu

Might be a good idea to seek for a long position in my suggested buy area. You can see event areas pointed on chart. Yesterdays daily chart formed a pin bar. Last candles that closed at or a bit above 21 EMA on daily had bullish momentum afterwards

MehisTambu

Price closed yesterday on EMA and it is also on support I would suggest entry now or at 1985 area

MehisTambu

Good idea to go long at 87300-400 area. If price doesnt retrace blind entry at market under or at Thursdays high

MehisTambu

Daily bar is closing just above EMA as a pin bar. Entry would be blind or either 50 percent of the pin bar SL under bar.

MehisTambu

Might be even a good idea to open a smaller position right no blindly and if it retraces to 50 percent then bigger position i would put SL under candle