If this candle closes as a bearish engulfing, I will be taking a short position to join the strong down trend, this is also at a big round number of 0.90000 which is a strong level where banks and other large institutions are known to sell at.
I am going long from an H1 pin bar on a daily trend line, I will also take another position on an H6 pin bar I spotted. TP marked on chart
I am already long on this pair from a signal on the H6 chart, far better looking than this H4 2 bar, but what the hell lol. TP marked on chart along with stoploss. Formed a double bottom, bullish reaction still intact on 2nd touch of bottom, also looking like a great daily pin bar will form if we close today around where we are now. Follow me on Facebook -...
Shorting this on the weekly Pin bar, stop is above pin bar, TP 1 and 2 marked on chart.
Long off Bullish Pin bar on H6 chart - Don't have access to H6 on tradingview, so posted it on H4 Follow me on Facebook for trading ideas: facebook.com
I am going to take a long position on the break of the inside bars, and TP at the marked areas on the chart, I might keep a small part of my position open after final TP with SL moved to breakeven.
I am already Long from an H6 Bullish Engulfing Bar, but I will take this trade and ride it up to 1240. Stops below 1212.
I will be taking short positions at the 1225/1230 area once I see decent price action telling me to do so. It looks like the 1190 handle is pretty solid for now and I think we will trade above this level for the next week or so before finally breaking it to continue the downward move.
This could either be a bottom formed, as we have been around this level for a few weeks now and long positions may be being built. Or it could be a bottom for a small retracement, which I think it is
EDIT - I wrote this before the candle close, it now looks more like a bearish engulfing! Join the trend by selling at this pin bar here. Gold likes making head and shoulders patterns at points of trouble where it finds it hard to break through, this is as good as any signal to keep selling. EDIT: TP Hit www.facebook.com
Short the Sh*t out of this market, also, if today closes as a bearish engulfing on the daily, get the short positions fully loaded and bank hard!
Possible TP of around 1178, see how PA is in that area. 2 Bar is better on H8, TradingView don't have H8 charts, so had to make do with H4. EDIT: TP Hit
Sell based on a downtrend. Sell position opened @130