Guys I was wondering if this was a valid 2 bar reversal on AUDCHF.
Thanks in advance.
Guys…i got 100 pips 2day…
Short eur-usd
Thank you that is very helpful. Is this basicly correct? If the bars close at the same level but the highs (or lows) are at different locations then the resistance (or support) is at the closing level, however if the closing levels are at different levels but the highs all stop in the same area then the resistance is at that level.
nice pips 
Hi fxsrikanth, what signal did you take?
I was in on this, already got to FTA and risk free now
What do you think? (not being awkward but interested to hear your thoughts)
IMHO it was valid. Candle closed 2/3 of total lenght so the upper wick wouldnt be a problem. Support was tested a few times. Not much traffic in the way.
You got lucky on that one in my opinion. Price was in a middle of nowhere between resistance and support and you went against the trend too. Its not about pin bars, or beeb, or bueb only, but also where they happened support or resistance.
of course i didn’t take it souley on the inside bar but i had stalked the 1.3130 level witch is a key level on the daily TF and to me price showed rejection.
Cool.
A 2 bar reversal is two bars of very similar size and if you were to combine them then it would be a 2 day pin bar, so it doesn’t qualify on that basis.
It could be seen as a bullish signal but its not a 2BR and not valid according to Jonathon strategy. The upper wick would also concern me even if it was valid as it is rejecting the swing low there which also lines up with the previous swing low (and therefore has more significance)
Anyone spotting these:
Im no expert in giving out opinions.But when I look at USDCAD pair I see weekly long term is down, daily long term is down. 4 hr may go up. And will probably short the pair when it reaches 1.000 again.My scenario is a long shot, but that was the ideal trade for me. I missed the boat for the downtrend. Your trade is from 0.99 to 1.000, it is not a good RR for me and it is against the trend. Pin bar looks valid though.
Same thoughts here don’t wanna go long when momentum is strong downwards even when it is ranging. Just wanna hear people’s thoughts. Thx.
Yes dudest i did and got stopped out.
It looks like I took that same gbp/chf trade. At least I wasn’t the only one who got stopped out. Hehe
Hi all,
The EURCAD trade has worked out well, I closed the target @1.2850 with 130pips :60:
Regards,
Toyogo