yesyesyes?
solid level
good PB
solid R:R
-ranging market,
This is interesting. Who is your broker and what are their spreads on GBPAUD? You want to make sure that they stop is sufficiently far that it will not be filled as a part of spread manipulation. Depending on your broker this could be anywhere from 5-15 pips.
Iâm watching that pair too: Waiting for the daily PB to close.
:32:
planning to sell this pair
2 bar reversai
in the value area
overall trend is down so if we go for short we are taking advantage of trend
again as we are entering from pullback so we are taking posistion with big guys
but nothing is sure in forex so stop loss must
and again as soon as we will come in profit we will place our trade in break even
then? bingo! free trade.
this is exactly what we need
the wick is obvious and almost 4 times the body
formed in a valued area
Hey Q, talking about the AUD/CHF maybe you would find Support at .79850 if you go shortâŚIâm no expert, but I have that level marked on my Daily TFâŚ
Okay I have found myself in a S/R drawing crisis. As I now look at the CADCHF it looks like a great setup on a good level(yellow line). But I previously had my resistance marked with the purple line. I usually draw my S/R lines where price has made a more significant reversal (purple line). So I am wondering which S/R level is more âcorrectâ - the one with many touches,but not a major trend reversal (yellow) OR a a zone where price made a reversal but has not tested it many times(purple).
At the moment I feel a bit confused, because I had thought I had had my S/R lines understood. Are they both valid lines?
If it closes under 0.80 number and closes as a beeb would be nice.
Also at the 50 % retrace.
Nice level if it goes under 0.80
Hi guys i was looking at EUR NZD possible pin bar. I wonder if I should be concerned about Non farm payroll tomorrow in the US. Do you guys think this pair is gonna be affected?
Cheers
Dunno. PA setting looks good. I took it. Who else?
I took it aswellâŚmy entry was triggered. First take profit at 1.6425. RR is not good at all but i think this setup is good. My only concern as i said earlier is non farm payroll cause volatility gets silly 
What timeframe is that? To me, on H4, and daily, it looks like it is going to break the IB high and continue upwards.
This, is not an engulfing bar, it does not fully engulf the full of the previous candle by the looks of the screenshot, thus making it invalid.
I also disagree with this, it might come down slightly in the short term, maybe to the 0.79615 area, but then continue higher. Look at the momentum leading up to the 2 bar, it was enough to break right through resistanceâŚ
H8 timeframe. IMO, it may retrace to 0.8415 before continue the bullish momentum.
Hope this counter trend setup will work out.
please help me check the PA below , thanks all
How did you mark your level ? this is daily TF and you can see , price doesnât rich the resistance also when you want to trade CT , you need very big reversal candle and it should form from a good level or swing .
it doesnât have these 2 conditions .
Good luck
Hi Daily25pips,
To answer your questions, here we go:
- Yes, that pin bar will be invalidated if price breaks above itâs high.
- Yes.
- Yes.
- No, that is a weak piercing pattern at most.
Cheers
about first trade eur/cad .
The trade still valid until it pushes higher and hit your stop. something that bother me about your trade , Itâs a counter trend trade and it needs solid trade management .have you took a tp already ? if you had ,you should move your stop to BE. if not , you need to work more on your trade management specially on CT trades .
Eur/Nzd , pinbar is very good but you shouldnât take it today due to NFP . if you took the yesterday 8h pinbar , it would be ok .
nzd/chf , itâs ok too but not for today .
about your last chart, there is no bull setup , if you think itâs a pinbar , itâs not , because pinbar need 3x size body .
Good luck