I am now long with GBPJPY. The reason is the continuation of the up movement after the formation of the inside bar. I will decide what to do next before the end of the trading day
EURUSD has closed below the previous bullish candle and the latest bearish candle is showing rejection at the resistance line. I am shorting EURUSD for that reason and expecting the price to decline toward 1.3270
EURUSD did not close above 1.3534 to confirm there is a bullish reversal in place. I am still holding my short position. If it closes above 1.3534 by the end of the trading day, then I will have to close the trade with a loss
My next target is AUDUSD. The last candle shows a bullish continuation. I am looking for 0.9253 as the next possible target. If it manages to break this resistance line, then the next one is 0.9327. I will close the trade at that level
I see EURJPY has crossed above an important resistance line and I am expecting the pair to touch the next minor resistance line @ 128.39. I will enter long when the forex market opens and close at the end of the trading day
The two marked pin bars show a very good possibility of a bullish continuation for GBPUSD. I will go long and place a stop loss below the low of the last pin bar
The two marked pin bars show a very good possibility of a bullish continuation for GBPUSD. I will go long and place a stop loss below the low of the last pin bar
Ignored
Just asking.....why dont you place a ORDER on the BREAK of the HIHG of the First PIN BAR ...
Also this kind of Bars look like HANGMAN as well......and we are at Ressistance....just a couple of things to Consider..
All the Best with your trade anyway
Just asking.....why dont you place a ORDER on the BREAK of the HIHG of the First PIN BAR ...
Also this kind of Bars look like HANGMAN as well......and we are at Ressistance....just a couple of things to Consider..
All the Best with your trade anyway
baz
Ignored
It is true we are at resistance but the 2 pin bars show consecutive rejection for the price to go lower. Had the second candle been a complete bearish candle or closed below the low of the first, I would not have gone long. I needed to see confirmation after the first pin bar before making any decision.
GBPJPY has shown a nice bullish pin bar after falling for 3 consecutive days. The overall trend is bullish. I am expecting the pair to close near 143.80 by the end of the trading day
A bearish engulfing pattern has been formed for AUDJPY at a key resistance area. I will be shorting the pair and looking to exit in the area between 86.07 and 85.71
The last bullish pin bar for EURJPY is a strong indicator that there is a bullish continuation. I am going long today and looking for the pair to break above 127.97
