Tags » Pin Bar

Forex Chart - Nov 24, 2015: EURGBP, EURCAD, EURNOK


Like I mention earlier on Nov 20th, after forming a two-bar reversal on October 14th, the price has collapsed and pass through the major daily support level that has previously struggled at. 274 more words


Gold (XAUUSD) near excellent Resistance level - 1170

Dear readers,

Let us discuss Gold (XAUUSD – COMEX) charts to see current price action.

Referring to below Weekly chart, Red lines indicate area (1170-1180) wherein price has reacted in the past 5+ years. 313 more words


17 October 2014 – EUR/JPY – Testing the static support

Daily EUR/JPY candlestick chart. On 14 October the EUR/JPY pierced the static support at (about) 135,7 with a (nearly) long bearish candle with the daily close at 135,482. 59 more words

Forex Technical Analysis

26 September 2014 – EUR/GBP – Again in a down trend …

On 19 September I was wondering if the EUR/GBP would be in a flat market. That day the currency pair formed a pin bar (aka hammer), with the daily close above the static support, so the pin bar may have been the beginning of a strong reaction. 63 more words

Forex Technical Analysis

19 September 2014 – EUR/GBP – In a flat market ?

Daily EUR/GBP candlestick chart. From March to July the currency pair has been steadily falling under a medium term down trend line (downtrend). This trend line was pierced for the first time on the first of August. 65 more words

Forex Technical Analysis

14 August 2014 – EUR/CHF – I've closed my long position in loss

Today the EUR/CHF has closed under the pin bar’s low. As I stated
when I opened this trade on 10 August, I’ve close in loss my position in loss.

Forex Trading Plan

10 August 2014 – EUR/CHF – A flat market and a nice pin bar on a support

I’ve opened a new long position. I think my decision is line with my trading idea:

  • The market is flat;
  • the currency pair is on a significant support;
  • 35 more words
Forex Trading Plan