I’m not Johnathon but I’ll try to answer. That isn’t a BEEB as it doesn’t engulf previous bar nor high nor low. This would be called inside bar (IB). Also last week we were talking about this pair and Johnathon has his SR line @1.6600 and in this case you would be trading right into support.
That PA Signal on the NZDCHF was indeed a very good one (A+).
I’ll wait for a PA signal on the 0.7500 area and try to rejoin the bullish trend…
@Ptekasetia
As Velniukstis said, you don’t want to trade right into a RN support (1.6600).
Instead you should look for a bullish PA signal on the 1.6600 area.
PS: I’m new, I’m just trying to learn here. Correct me if I’m wrong…
bhops u r always right
i made loss in this trade:10:
i concern this pair too, but the PB looks like quite small to the previous candle, also with long wick. Not A+ settup with me.
Havent seen any nice A+ setup on Daily recently but market is cyclical. Soon enough! be patient!
Jack
Hi all,
Does anyone see this as another A+ set up today? PB at swing high on a pullback of a downtrend, clear run to 1.58650
Which pair to trade, this one on the NZDCHF described by Jack above?
Both to be traded at day’s end if PB remains.
I really do like this pair, however i hate the fact that it didnt move below the SR i drew. If price happens close below the SR, i’ll split risk as these two pairs are both Nice A+ trades! Just be mindful of the 1.6000 VBRN below EURNZD.
Jack
It looks like right in the key horizontal area that I drew, but I am only new to this, so maybe not accurate enough yet. Will keep an eye out for BRNs.
Thats ok 
You are looking at the right value areas!
It’ seems a really good PB reversal on EUR/NZD…
Thank you kind sir, now tell me with regards to key value areas, are my lines in green key major s/r areas that you would trade from only (A+ set ups) and the lines in red trouble areas to watch out for during trades (tp1, tp2…) or would you actually trade from them too?
Hi all,
Is this a BUEB at swing low on a up tending pair, or is it going into traffic and the PA not sizable enough?
Or is it simply a consolidation area and look for PA at the green line, rather than the red one?
Hi all,
Is this a valid PB at swing low at key s/r area in line with trend?
To be managed with tight sl and tp, considering traffic above?
I’m analyzing the following pair for possible setup. I’m reading the PA story and so far I get to the following conclusion below. If anyone could add something to it I’d appreciate it. Jonathon if you’re out there your opinion would be priceless. This analysis would be a help for everyone.
- No inside bar which would be a warning sign not to take the trade to the direction we want.
- If we switch to 4h TF we see a BUEB before an obvious pinbar. I don’t consider that signal very important because the pinbar has rejected the BRN.
- It wouldn’t be a Counter Trend trade, which is good.
- If we take a look at higher TF (weekly, daily zoomed out), we’d see that It is a ranging market, which is not really good sign because it gives us uncertainty, but according to Jonathon we can still take trades during ranging market if the PA signals are strong.
- There is no consolidation box we have to deal with. The pinbar is not in a consolidation area where a certain price level is rejected. There are two small candles on the left that are rejecting a certain level but the Pinbar’s body is below that.
Other considerations can be viewed on the image.
First of all thank you for taking your time answering and helping.
First the basics: I had my support R/S level at a completely different place I guess that’s how all my messing up started. Mine was at 1.05400. Was it still a good support level to plot? As it was a downtrend I took the trade after pullback.
The resistance level where the BEEB has formed I thought to be at swing high and with my anticipated support level I though I had enough room to trade. I was aware of the choppy area I thought I could gain at least about 40 pips till it gets to the choppy area.
After a while: As price was showing itself and I’ve read your post on your site about the inside bars. I closed the trade.
The sideways pattern I didn’t notice. Where and how the BEEB exactly got caught in the sideways pattern?
Well no one responded, but hey I am still in demo mode so what the hell. Turned out I got it pretty much exactly right. Now it looks ready to continue the trend back down, let’s see.
