I do not participate in this set-up, because there is no confirmation candle.
This is a trend change signal pattern. I bookmarked it to reinforce my trend trading only.
switch to H4 (or smaller frame D1) to find a sell signal candle.
Yea you’re right it’s in indecisive mode.
I think sellers will join near 1800 to drag the price lower. I’ve got a “blind” entry (no price signal needed) here.
OK, I found the teacher’s explanation of 123 mode. Thank you
Still indecisive,Mate.
i think i was wrong
EURUSD H4 has a trend line. Is this trend line important? Do I need to wait until I test the trend line to find the position to enter?
Hi guys, i have a question. Can this be considered as tradeable two bar reversal? Just the candle. Thanks
It looks tradeable because of Strong support and uptrend,preferably the 2nd candle should close at or above the open of first candle as Jonathan’s rules.
Thanks AliArslan21. I only trade live with pinbars because i am experiencing more loses with engulfing and two bar reversal. Im still figuring out what im doing wrong with these two and am still trading them with demo lol.
Hi Gyrus83
We need to pay our attention to the most important thing which is Support and Resistance areas, PA comes after that.
I agree with your description, though my emphasis is on trends.
But I don’t think we’re a million miles apart. I’m thinking of our two view-points like two drivers on the same straight and lonely road at night. One driver (you) says the key is to keep between the kerbs on left and right: the other driver (me) says follow the white line down the middle of the road. Actually we’re both going to get to the same place in the same time.