Not me because I can’t get any resistance to grab on any TF. For me It’s just still in the air.
Signals are everywhere. Have now to choose between them only the A+ setups:
All the possible trades according to me are :
-Long usdjpy
-short Eurjpy
-Long audcad
-long cadjpy
-short eurgbp
-short usdcad
Now only free to comment my chart.
EURGBP Daily showing 2BR but H4 is pin bar. Of course from my chart you can see that I’m short this pair.
Just hope to get some opinion from you all if you see this kind of cases, what would you do? Follow daily or H4 ???
Im not so sure about the USDCAD daily is the strongest Daily pinbar we’ve have in months in this pair, however it has to downsides: 1st) is countertrend 2nd) it didnt close within previous bar
Lots of them are CT… I prefer short E/G.
I think short EUR/GBP is looking very promising
What should we do in situations like this? I plotted R/S on daily. I go to H4 and this pin bar seems proper to me at the right place.
But When I switch back to daily EUR/GBP I get this 2BAR Bullish reversal.
Should I go short?
Anyway
did you guys notice Every pair is all time high or low now. Can’t get a grab for R/S on daily I move to Weekly or monthly
Hi fjanos, I saw this in my analysis tonight as well. Notice that the bullish 2 bar on the Daily tested that resistance level and was unable to break it, generating the pin we are seeing on the 4 Hour chart.
If you short, you have the trend at your back, but you are going against the bullish 2 bar generated on the daily. If you go long, you’re trading against the trend. We have conflicting signals here and my advice would be:
When in doubt, stay out!
I mostly watch the Daily charts on about 25 pairs and have not taken any positions all week. The set-ups just haven’t been there.
Yes, never take a trade when in doubt!
However I look at this trade in a different way. EURGBP is a measure of the their individual divergence to the USD. Looking at Cable and Fiber, I see cable broken resistance and fiber meeting mid level resistance hence EURGBP is in a down trend. If I believe that cable has less drag because it is in breakout mode then the EURGBP downtrend should continue.
The problem is the time zone. We are in asian session and this is a 4H signal with a small stop size in pips. I pulled up an ATR(50) calculation for better sampling size and I get 18pips average volatility so the pin is within the tolerance. Next problem is do you trust this signal in this TZ?
It may work but I personally would wait for the London Open.
Don’t like where it is sitting - just below that resistance you have drawn which is similar to mine. It is also in the middle of swing points so I would pass.
Have you noticed it need to break past the BRN 90.000 before it goes anywhere. This level will definitely interfere with price on the way down. best to wait to see how it does there first.
Darth
It hit my TP1 at 89.70. Have moved to BE.
Great looking pin at an RN (1.1100 ) but on my charts didn’t close within the previous candle
Will be looking out for longs around 1.1000 area if price goes down to there.
Nice pullback, lovely pin! 
Price has hit ( and rejected ) FTA.
How are you managing?
…so are statues…
what exactly are you on about!? if you’ve something to share, out with it…
Scenario:
–> H4: Lovely pinbar at swing high and with a BIG down-trend behind it
–> D1: Counter-trend 2BR at swing low with some upper rejection
When faced with conflicting signals, the rule of the thumb is to pick the BEST ( in terms of A+ checklist ).
However, if there is ANY doubt (e.g none is better than the other), the wisest thing to do is to STAY OUT (and let the bulls/bears/foxes/sharks have a go at each other till a clear direction emerges).
Cheers