i would wait for the price to test this strong level and look for short if PA present itself (did you draw your S/R on the 4H chart? on the daily your line should be higher)
mate i just read the comments on your chart, you really need to go through this threadâŚi dont mean to be rude or anything but you lack the very basics of PA
go through the first pages and most of your questions will be answered in detail
No offense taken bro. Ive already started reading the first few page. I reckon itll take me a while to read and understand everything. after being at this for over a year i figured i have crossed the point of no return and im not gonna let my one year be in vain. Thanks
Forgot to mention I draw on the daily
Welcome to the thread Dreamerz 
And safe trading!
thank you cheva282
I think It is a swing high-
yes it is not A+ setup ;-]
yes it not a BEEB ! yet !!! and thatâs why I said IF itâs close below the level -
thank you Wookie1985
Thnaks bro. Been reading the opening post for a few hours now.
So far so good
HI
Iâm selling gbp/chf Daily Timeframe .
a 2bar reversal on the top of the range , on RND .
Ideas ?
Itâs right on another support. There are even more wicks touching this current level than the one you marked.
Agree with the GBPCHF. If price negotiate successfully with that support the next one down is even stronger making it a low RR play imo. It may work out but at this stage not for me.
AUD/USD been a very nice chart, my favourate too, support turns in to resistance & resistance turns in to supportâŚ
no it doesnât go over the high of the candle mate, to be engulfing the high need to be higher and the low needs to be lower. if you zoom in on that candle you will realise that the high is a few pips lower then the previous bars high
not to mention the fact that your shorting into a strong uptrend on a relatively small PA signal. its like playing chicken with a bus when ur on a segway
Then shut it down mate, were all still learning (always will be) and if it doesnât sit right with you thereâs no point worrying about it. so just close and move on to the next.
Darth
Hi all,
first, thanks to all the guys that have shared thoughts in this amazing thread, specially to the founder but also to everyone else here. I have learnt a lot reading you all through hundreds of pages.
I want to share a PA experience with you, and hopefully get your thoughts about it.
Yesterday I entered short in what I thought it was a good setup. not A++ but good enough for me to test some strategies. Here you have it:
AUDNZDH4
Everything was going OK, and suddenly this happened:
This is AUDNZD_M1
In one single minute, something/someone produced that, touching my StopLoss.
After that, price started going long until now.
The question is: Was this pin produced, for example, by a bank/institution?
If that was the case, in my opinion that would be a good sign that banks are betting at that moment to go long.
does this make sense to you?
best
Hi Juan
Thatâs a very huge spike. Just checked and I have that in my Pepperstone chart too. Man, 50 pips in 1 minute. Something was wrong.
Continuation signal isnât covered in this thread by the way. Itâs part of an advanced set up and Mr. Fox only recommends it after youâve become consistently profitable with this threadâs method.
[B]@pipwhip[/B], it was at around 22:30 London time (January, 16th), in AUDNZD M1.
[B]@panupat[/B], that is right, something went probably wrong, or maybeâŚor maybe an isolated huge transaction of an institution indicating the way they see the market. I donât know if that makes sense.
That is around the NY closed time so maybe thinly traded and squaring of positions?
Hallo jake!, and welcome! 
Your English is great, no worries
A few pointers on your GBPUSD:
There is a pinbar alright!, but not all pinbars are made equal --> you will find excellent pinbar examples here in Post #5
Also: the dominant trend on that timeframe has been UP. It is better (esp when starting out) to take trades WITH the trend rather than AGAINST it. Even if taking trades against a trend, the PA signal (e.g pinbar in this case), needs to be HUGE and OBVIOUS (showing momentum is about to change).
The âBEEBâ you mentioned: even if it closed as was on your chart, it wouldnât be a BEEB. It needs to fully engulf the previous bar, which it doesnât â> more on engulfing bars on Post #4
Also, since the week hasnât closed ( hence the candle hasnât closed ), you canât âlabelâ it yet; as you can see on your chart, today (up to now) has been bullish, and the candle looks VERY different â> Moral: wait for a session to close before identifying a PA signal.
Last pointer: IMHO, the Daily would be better for you to start with ( Weekly needs a different level of patience ). Post up some Daily charts of levels and potential setups and we will discuss further
Cheers!
.