see Chart -> Resistance turned Support -> Trading within the possible Bullflag -> Daily Candle not closed, hope this one closes as a Pinbar -> at least we have a bullish Engulfing in H4 -> I sadly missed the Entry by Market Order, now a Pending Cheers Parker
-> bearish Pinbar on Resistance -> Trade is not running - I missed Entry, hoping of another Retracement to enter Cheers Parker
-> bearish Pinbar on Resistance I excpect one more Move down before Price maybe breaks the Trendline to the Upside. Cheers Parker
Ok, here is my Plan to USDJPY: Last Week was a Fake Break of the Wedge and Support to the Downside. Price came back with a big Move above Support and closed on Daily. Todays D1 Candle is also very bullish. I want to go Long on a deep Retracment of that bullish Move from the last 3 Days. Hoping Price will come back to the Support. W1 formed a bullish Pinbar...
-> Trading from the middle Line of the Channel to the Bottom -> Will move Target when I see Price is on a good way going down Usually I wait for a clear Pinbar/Engulfing - but that Doji and the long Wicks of H4 Candles show enough Rejection to take this trade. Therefore my risk is lower than normally. Hope I am right :-) Cheers Parker
-> Resistance Bounce with a bearish Pinbar following a bullish Engulfing Cheers Parker
-> I wait for a Breakout of the falling Wedge -> End of Wedge is on strong daily Resistance Cheers Parker
-> bullish Pinbar shows Rejection of Resistance and Channel Bottom -> When Price is almost touching that confluence zone and Price Action gives me another rejection -> LONG Cheers Parker
-> Price was rejected from strong daily and weekly Resistance -> H4: bearish Engulfing and Pinbar (Pinbar not finally closed) (Entry was too late, would be better to have shorted higher, anyway Trade ist running) Cheers Parker
-> Market was undecision which direction to go when reaching the Support -> now a clear bullish Pinbar rejecting finally that Area Cheers Parker
-> Fake Break of Support in the last Week -> now a real Break and Retest with a bearish Pinbar -> H4 showed yesterday also bearish Pinbars rejecting the Support turned Resistance Cheers Parker
The yesterdays bullish Candle (Pinbar) was a Retest of the broken Resistance now Support. I hope the entry will be triggered. Next Step would be shorting beetween 1,27-1,28. Cheers Parker
-> Support turned Resistance -> Retest with a "2 Day hidden Pinbar" I did not take this trade because of Weekend Gap Danger, anyway I wanted to share my Idea.
-> Resistance Bounce with a bullish Pinbar -> RSI Divergence Trade is not running due to the Danger of Weekend Gap, but I still wanted to post the Idea
-> Rejection from Resistance and 0,764 Fib Retracement with a bearish Pinbar -> MACD shows bearish Divergence -> Reduced Lot Size due to Sundays Greek Referendum
-> Support was broken -> Retest with a bearish Pinbar