Inside bar / 2 bar reversal On the break of the mother candle, this has a good chance of going up to at least the 1.6 fib level. Looking at the daily, it has rejected shoulder line support, and broke out of a channel, which I also think could be a bull flag with a 700 pip TP. It is near some strong monthly resistance, which also looks like a triangle. Could...
You could use the daily IB to enter, I used H1 2 bar reversal with an IB.
Possible chance for a retrace before another tanking
I am playing this as a continuation, in profit as I am typing. TP around trend line.
I have taken a long position from H4 at a double bottom reversal pattern. Looking to target 116 with this bi*ch! Weekly chart is showing a bullish engulfing, and with the double bottom on D1, this is a very high probility setup.
This double bottom also works in with the weekly bullish engulfing candle for a long signal.
Long on Daily Bullish Engulfing with stoploss below signal candle.
To me this could be a bull flag, stop loss is below flag pattern, and 700 pip TP is set, I will take profit along the way at significant levels.
Target the 1.618 level for the initial IB break, providing a break of the high.
Failure to the up side of this pin bar will result in a mad rally. Daily chart is showing a bull flag, and weekly is ready to breakout. Inside bars on H4, I will be trading the failure of the upside upon confirmation.
Using this H1 2 bar reversal to enter yesterdays daily pin bar at resistance.
I entered this on a retrace to the 50 level of the fibo on the mother candle. I only entered after the first bearish candle confirmed the continuation downward. My SL is at BE now, so free trade.
I took a entry before the IB broke using the rejection candles at the 50 level
I have already 1 position on this which I took on H8, but I will enter a 2nd on the daily. TP and SL as shown on chart