Forex Price Action

[waldmann007]

USDX also engulfing bar at resistance. Not everyday this type of thing happens.

[masbahuddin]

USDX also engulfing bar at resistance. Not everyday this type of thing happens.

i can not recognize this pair “USDX”

[immvp]

Also USDCAD Engulfing bar at resistance. Hmmm wonder why? hehe

Forming a 2BR on daily too.

[waldmann007]

Dollar Index or USDX

@masbahuddin

i can not recognize this pair “USDX”

[lucariga]

@extremerrage

just 2 words mate there is a ction and reaction…that pinbar is the reaction of the stacked orders in that blue zone , see the chart !! was stalking for that setup since the morning.

I’m looking to enter on break above today’s pin high. I like the fashion of the pin because of its length ant the fact is forming at a big round number(1,5600)… Let’s see:41:

[konan]

Also USDCAD Engulfing bar at resistance. Hmmm wonder why? hehe

where do you value res lvl to be at? around 1.0055?

[waldmann007]

@konan

where do you value res lvl to be at? around 1.0055?

Yes. That area.

[waldmann007]

Gbpusd

[bassabaas]

What do you guys think of the pin bar in AUDUSD H4? I have a Sell Stop waiting for the pullback.

[waldmann007]

@bassabaas

What do you guys think of the pin bar in AUDUSD H4? I have a Sell Stop waiting for the pullback.

My chart on AUDUSD H4 doesn’t have any pinbar. I guess it’s because NY close chart. I use Hotforex, fxpro and fxdd for charts.

[Chiefzig]

Hi, The GBP/USD has also been locked in a triangle for some time now and Tuesday’s pin showed a solid rejection of the triangles support. (See Below):

You’ll have to zoom in to see the pin/rejection in detail, but the above chart show’s the triangle in full and it does appear the market still has some more ‘squeezing’ to do before breaking out.

I think a long of the pin is a valid/good trade considering the 1.5600 and triangle support rejection… does anyone agree?

[waldmann007]

@Chiefzig

Hi, The GBP/USD has also been locked in a triangle for some time now and Tuesday’s pin showed a solid rejection of the triangles support. (See Below):

You’ll have to zoom in to see the pin/rejection in detail, but the above chart show’s the triangle in full and it does appear the market still has some more ‘squeezing’ to do before breaking out.

I think a long of the pin is a valid/good trade considering the 1.5600 and triangle support rejection… does anyone agree?

Yeah sure. Hope it works.

[Chiefzig]

The only thing that is putting me off a little is, although 1.5600 is a round number, there’s not to much in way of price actually finding support/resistance at that area. Also a buy would be trading into a bit of ‘traffic’. But I still think it could be worth while, perhaps with a smaller position.

[forex4worth]

Well, since we are only looking for the best of the best set ups; we can’t really say that there are A+ set ups with and against trend. That would imply that the benefits of trading on either are equal- and they are not. With the trend is always better because the direction is more predictable. The problem with counter-trend trading is you don’t really have a good prediction on where the price will rebound. It’s also more difficult to predict your risk versus reward.

There’s no real reason to trade against the trend with Price Action. You can apply the principles to any range bound or trending pair. I check probably 30 pairs every day for opportunities and there are usually opportunities available or one in development.

From everything I’ve read, watched, and seen in my own trading; trading against the trend is not advisable with Price Action.

Hi grimm) A+ trading setups could be with the trend or against the trend.But new bies are advised to trade with the trend.

[forex4worth]

Hi everyone) A bearish pin bar has been formed recently on a USDCAD daily chart at the resistance area.I didn,t take this trade for the following reasons:
1)The bearish signal look like a pin bar but its not as i didn,t open and close within the previous candle.But don,t you think it could be a bearish engulfing bar?
2)Seconldy didn,t form at swing high but it is on swing high if we see the price level of mid of november last year?
There are confusions which dont make it a A+ trade.
Thanks.
Tahir.

[OMFGWTF]

Hi guys,

Just want to ask if the reason you wouldn’t trade this is because the pinbar is inside a congestion and not sticking out?

[mprine14]

right shoulder of head and shoulders forming on usdx 1H. Good luck good trading

[Ivanceus]

Hello Johnathon and experts

I spotted a Bullish pin bar reversal on AUD/USD in D1 chart:

It tested support at 1.02577 twice but didn’t really broke it, I have entered a buy pending order already. Please let me know your thoughts.

[tylermckee]

Hello Johnathon and experts

I spotted a Bullish pin bar reversal on AUD/USD in D1 chart:<img src=“301 Moved Permanently”/>

It tested support at 1.02577 twice but didn’t really broke it, I have entered a buy pending order already. Please let me know your thoughts.

My chart doesn’t look like that. I’m using fxdd and on the 4h I see a BUEB, but I’m on my phone and don’t know where S&R are.

[FTC]

Hi lvanceus,

I dont see any pinbar mate… Please find the chart below:

@Ivanceus

Hello Johnathon and experts

I spotted a Bullish pin bar reversal on AUD/USD in D1 chart:

It tested support at 1.02577 twice but didn’t really broke it, I have entered a buy pending order already. Please let me know your thoughts.