asferruzzi

asferruzzi Updated 

Price is currently trending down. Pin bar has formed at an area of pull back and at an area of support and resistance. Price also rejected the 8 day MA. Limit order is placed conservatively at half way of the pin bar range, waiting for a retrace of price. Risk to reward is 2.

asferruzzi Updated 

An inside candle has formed on the AUDUSD. Trend is down and price has been consolidating recently at an area of support and resistance. Inside candle could indicate buyers and sellers are undecided on price and could be a setup for a break of current consolidation and a continuation of the down trend. Stop entry placed below tail of mother candle. Risk reward 2.

asferruzzi Updated 

An inside candle has formed which could indicate buyer and sellers are undecided on price. Trend is down and price has been consolidating for a while at an area of support and resistance. Stop order is place below the mother candle. Risk to reward 2.

asferruzzi

Recent pinbar shows a pullback from the downtrend. price rejected previous support. pinbar is a trigger to enter a limit short trade. Entry price is set for middle of the pinbar candle. Risk reward is 1:2.

asferruzzi

Trend is down Inside candle New high formed after the inside candle indicating potential false break out to the upside if price falls below 0.67420 stop order is placed for short position

asferruzzi

Long term trend change to the upside. I will be watching for a pullback to long term support at 1.4311. I will look for price action candle at support area as a trigger for long position.