Good calls on AU & NU GHOUS! I cannot trade AUDCHF on my brokers platform so I have no idea how that one turned out. I just wanted to give credit where it is due. I'll be watching you. I need as much knowledge and trading wisdom as I can get. Best regards.
DislikedOk here are a few more setups worth considering, these are setups on daily and above only...
setup 1)
AUD/CHF dual pin bar setup on the daily...(if you trade it)
ok so what's so interesting here? two consecutive pin bars on the daily chart telling us all that the price is not being able to penetrate 0.99-0.9920 region. as it is price has been squeezed into a triangle and the price is ranging between trendlines and PPZs. what's best abt this setup in my opinion is that even if the price is rejected by the support line a trade early on Monday will still give you a few pips or if you're an aggressive trader you might get out with a breakeven i.e there is space avaiable for your trade to breath some air, anf ofcaorse if the triangle breaks we enjoy the ride down...
setup 2) AUD/USD pin bar on the weekly:
it can clearly be seen that the price is caught up ina nice rising wedge and is signaling a bearish reversal the question is when will the wedge breakout, the answer might just have been given, this last week Pin touching the resistance line and rebounding superbly may be a great indication of a bearish move.
setup 3)
NZD/USD weekly pin bar:
ok another nice setup in my opinion, the last bearish run has just given another indication of it's continuation as the 0.76 region holds the price! as it is a trade off the weekly and since the right eye has yet to be formed (if it does) one has to wait for a bearish confirmation on a lower tf such as the daily which might be a strong move to coincide with this lovely pin
Enjoy...
Regards,
GhousIgnored