Pin Bar
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
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SNDL easy money and it grew on a tree..kindaPin bar strategy off the MA starting with a nice bar off the Bollanger band on the 15min chart. When you see these don't hesitate to enter for intraday trade! High probable trade here! Zoom out a bit and the daily doesnt look as good. As always use proper risk management and trade smart!
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The truth about the Pin Bar - Problem and Solution Supply DemandIn this educational video I would like to clear up the myth about the Pin Bar and to provide you a solution.
What do you think?
ROKU - still strong and finding supportROKU dipped below a resistence-turned-support @ 443 briefly to test close to the 21 day moving average before closing as a pretty bullish pin bar on Wednesday. The stock has only retraced less than 50% of its recent AB swing up and has held well yesterday despite the overall market sell off.
Expecting this stock to continue it's uptrend with possible near term target @ 518 (162% fib extension of the BC swing upwards)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Nasdaq - short term correction onlySo far the near term support zone (13550-13590) - which was a resistence-turned-suppport - appears to be holding. Nasdaq dipped below this support to test the rising 21 day moving average before closing above the support again with a bullish pinbar (not the most bullish pin bar, but still bullish looking nevertheless).
Futures are currently holding above this support zone too.
Could be just a much needed short-term correction. Opportunity to buy the dips of quality stocks.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
AUDUSD Target Price 0.81356 (381.4 Pips)AUDUSD Australian Dollar (Parallel Channel and Pin Bar Candlestick)
Note: Pin Bar, Engulfing Bar, and Inside Bar
CYRN. Test entry, watching for breakthrough of $1.80-$2.00 zoneCYRN just had the "golden cross" where the 50 DMA crossed the 200 DMA. TRIX and momentum are also trending up. The weekly and monthly trend keep hitting higher lows, but there seems to be some resistance at the 200 WMA. Further, the monthly chart has triple top "pinbars" indicating selling pressure, keeping the price below the $1.80-$2.00 zone. I'll be looking for a pullback to $1.05-$1.15 for a small test entry. I want to see CYRN cross the 200 WMA, then the $1.80-$2.00 resistance zone. If it breaks out of that zone I'll be looking to buy more. Otherwise, I'll probably sell the test entry if it bounces off the 200 WMA.
DASHUSD 2021 Feb 11 Trade IdeaPrice Action Signal occurred at price level 158.251 as expected in the form of a Pin Bar.
Trend: Up
Level: 158.251
Signal: Pin Bar
Notes: Pin Bar formed on 12 Feb 2021 at 06:00.
ETHUSD Ethereum H1 ChartWatch for price action signals at horizontal key levels. Wait for a pin bar candlestick or engulfing bar candlestick to form.
NEOUSD Target Price 43.65Entry at 36.58. The rejection candle closing price on 13 Feb 2021 at 13:00 is 36.58. Planned forecast entry price was at 36.41. So, forecast was within 17 "pips."
Trend: Up
Level: 36.41
Signal: Pin Bar
February 12, 2021 Trade Idea For ETHUSD (2.28R) Ethereum pulled back to 1763.98 as planned and formed a bullish price action signal (Pin Bar).
Daily Support Break, SBR?I'm looking at possibility for sell swing at current price, referrring to daily pinbar as support that breaks, and current is possible seller re entry.
GBPUSD supportThis week we saw a new rise in GBPUSD and reaching 1.3866.
It is currently in the support zone 1.3794-1.3750. As with repulsion from the zone, a new rise can be expected, to 1.3900.
A reversing candle or a break of the correction is sought for entry.
The stop options are under the previous support, where the model breaks down or as close as possible under the turning candle.
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AUDCAD - Touching TrenflineIf we can reject the structure of the 0.9850 zones as resistance then look for shorts (on the 4h environment and daily close). Be careful as the TL breakout usually results in a good run to the upside. Proper risk and confirmations. GOOD LUCK!
RR 1:3.75
