Pin Bar
Tempted to short USD, but...Any counter-trend trader and the active trader will be tempted to short this candle formation. However, a matured trader will hold his horses and check if there's any upcoming Economic Data Release. You will see that there's one that's going to happen in less than 45mins time.
Remember, you are a trader, not a gambler.
GBPAUD, 8hr tf, sell on 61.8 retracmentAs you can see price making a bearish pinbar exactly at 61.8 fibonacci level.
We might see price drop from this level so i am planning to sell it here.
Sell GBPAUD 1.8420
Stop loss 1.8470
Take profit 1.8200 (4.4R)
Use only 1-2% risk
Good luck
Pinbar on retest confirming Strong USDOn daily chart we can see that after a failling breakout now price has come back for another breakout.
we can see that the price has already break the upper boundary of descending channel and currently retesting.
for me, a strong bullish pinbar on the daily chart are enough of confirmation that USD are going to get much more stronger.
so for the following week i will only looking for buying oppurtunities for USD/XXX pairs and selling oppurtunities for XXX/USD pairs.
Stay safe, Stay Green Brother,
AUDCAD Horizontal Key Support Level At 0.93281Watch for a price action signal at Horizontal Support Resistance Level (0.93281).
Possible BTC LONG12h and D timeframes 30 minutes for candle to close. Textbook pinbar + oversold oscs + very strong support level
R:R 1:1 - 1:2
SL: 31k
TP1: 34k
TP2: 35k
It´s not a trade or investing advice. Just my perspective.
