well said mate
this is a good analysis an hope for next week this will be a fantastic trade
enjoy .
Gold prices just melted yesterday! Gd call
Best
Going back real quick (and for the last time)to hiddenhands,s post,over the last 3 years or so I’ve tried every indicator and system known to man (and a few not known)(just like a lot of people on here) and have never had any luck with the C.O.T type data on that post , although its been frustrating at times I’ve always come back to the simple,ish method on this forum (being simple myself) some may have luck with disaggregated financial futures data but I’m not one of them and am going to stay with this method. Happy trading 
Who swooped and took the 4hr BEEB on the AUDJPY from the key daily price flip resistance area?
AUDJPY 4hr Chart
Safe trading,
Johnathon
I caught it but maybe I managed it a bit too tight, already out at BE plus some pips.
I have missed 4H, but now waiting for the daily to close.
What you gonna do when its been closed?
Will look for PA signal to go short. As for now it loks like 2BAR or BEEB but if it won’t close strong (in last 1/3 of the candle) I will skip it.
Candle closed. Wick isn’t 1/3 of the body. I pass
My view is that the trend reversed and I am expecting a breakout and retest of the resistance to go long.
Take a look you will notice higher highs and higher lows …
Of course just my opinion
How is this for Bearish engulfing bar from a good resistance, my worry is a key support just at the end of the bearish bar ? worth the risk ?
Thats not an beeb. It could be an 2bar formation but it isnt either.
It to much nose on the last bar.
And as you mentoln , its traffic very soon i you go short.
Cheers
Can you post your chart as I don’t have anything that I could call PB on mine?
No you right , i was looking at GBP/NZD
Wrong pair
The AUD/JPY has no PA
Cheers
Out at full loss. It missed my first target only 8 pips. I’m thinking I should adjust my plan to allow moving SL to BE if price goes that close.
The pin bar is too small for me. I would take that trade only if pin bar was as big as the previous candle. Or if we had 2 bar.
Also even though it is a strong weekly resistance level, the pair is in up trend short term.( keeps making higher lows). So I would be very cautious taking short there. Only if a very strong signal.
For those traders who were watching this potential setup, it worked out as was expected with price breaking below the bearish engulfing bar with the recent lower momentum and then retracing back higher back into the old support/new price flip resistance area at which point price has fired off a very nice pin bar on the 1hr chart at the key area which was the same key area suggested to hunt short trades that is also inline with the trend on the 1hr chart.
NZDCAD Daily Chart
NZDCAD 1hr Chart
Safe trading,
Johnathon
Hey Johnathon,
I’m a little confused about this trade on NZD/CAD.
First I’m charts don’t looks the same as yours. I’m using FXCM’s NY close and both my daily and hourly charts look quite different.
I know you’re also using NY close which is why this confuses me.
Also as I drew on the daily chart I thought this was what we were waiting for. Old support becoming resistance and the price bouncing of that resistance. But here the price didn’t reach that daily resistance and bounced from previous hourly resistance.
If you could clear up some of this that would be great,
Thanks!