Pin Bar. Three consecutive volume bars increasing. Parallel Channel. Pull Back. Pivot Point.
Watch for pull backs to the pivot point level. Next, use the parallel channel tool to determine entry points and exit points. In this example, connect two higher lows and one higher high to create a "potential" Parallel Channel. The intersection of the horizontal level and diagonal level with pin bar makes this special trade set up a high probability trade.
Pull Back to two Pivot Point Levels. Pull Back to 50% Retracement Level. Enter a buy market execution order.
AUDUSD Entry Price 0.67643 Target Price 0.67950 | Pivot Point Level and Parallel Channel Level was retested.
Entry Price 0.63900. Target Price 0.64220.
Enter AUDUSD at price level 0.67665. Take Profit at 0.68137.
Entry Price 1.55062 Take Profit Price 1.56745. EURAUD currency market is bullish. First entry at 1.55062. Take profit at first resistance level at 1.56745.
Enter a buy market execution order at 1.05920.
AUDUSD. Watch these two pivot point levels for a buying opportunity. Specifically, look for a pin bar or rejection candlestick to form on the pivot point level.
Entry Price 145.800. Pin Bar occurred at Resistance Level. Enter Short Position.
Price pulled back to pivot point level 0.67. Price retraced 50%. Pin Bar candlestick formed at 50% retracement. Open Price and Close Price is "near" 50% retracement level as well at the pivot point level. Candlestick wick protrudes through the pivot point level and retracement level. This is an ideal condition to enter a trade position using pivot point...
Pin Bar formed at Resistance Level. Pin Bar formed at pull back to the resistance level.
Go short for currency pair GBPCAD. Pin Bar formed at resistance level of parallel channel.
I'm still bullish on EURNZD. I'm taking my long position to 1.67000.
Price closed below trend line. Now wait for a bearish price action signal. Enter a short position after a bearish price action signal forms.
Wait for a pin bar or rejection candlestick to form on a pull back to the Pivot Point. Next, enter a market execution order, stop order, and/or limit order.