PRICE HAS PRODUCED A VIABLE H4 SIGNAL TO GO LONG MY ANALYSIS ON NZDJPY IS THAT W1 IT HAS FORMED A 3 BAR LONG CONFIRMATION REFER TO MY PREVIOUS TRADE FOR FURTHER ANALYSIS PRICE HAS PRODUCED A INSIDE BAR FAKEY ON THE H4 SCALE, EXACTLY MY FAVOURITE KIND OF TRADE ON THE D1, PRICE HAS FAILED TO CLOSE BELOW 89.00 TWICE.
I WOULD GO LONG NOW WITH A 30 PIPS STOP LOSS RISK REWARD IS GOOD FOR THIS TRADE BECAUSE IF PRICE WERE TO BREAK THE LOW OF THE H4 PIN BAR AS INDICATED, TRADE IS ALREADY INVALID AND PRICE WILL DEFINITELY DROP LOWER HOWEVER, GIVEN MY EXPERIENCE WITH INSIDE BAR FAKEY FORMATION. IT IS A GOOD SIGNAL THAT PRODUCES GOOD RESULT, ALWAYS WORTH GETTING IN IMMEDIATELY
SUBSCRIBE AND LIKE MY IDEAS TO SEE MORE OF IT. HAPPY PIPPING.
Commenti
PriceActionTrading
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Anyways, expect some pullback towards belowmentioned drawn trendline today and tomorrow.
Possible re entry upon viable H4 rejection pattern of said trendline or formation of simple bullish engulfing. Will update if opportunity arises.
We are aiming for 92.
I believe it is difficult to penetrate below 90. round number after closing above it on the W1. Thus, those who are long with me are safe IMO. Look for re entry at a bargain.
IvanLabrie
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Surgical strike.
PriceActionTrading
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THERE YOU GO. MONEY IN THE BANK. CLOSED HALF, MOVED TO BE, LETTING THE OTHER HALF ROAM TO TP2 AND BEYOND 91.5.
workingtraders
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played out very well. Great job.
PriceActionTrading
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Thanks. my favourite 3 bar formation. always worth the risk.
PriceActionTrading
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D1 REPRESENTATION OF MY IDEA. NOTE THE 50SMA AND 200SMA ACTING AS SUPPORT.
NOTE: ON THE D1, PRICE HAS FAILED TO CLOSED BELOW 89.00 ONCE.
Possible re entry upon viable H4 rejection pattern of said trendline or formation of simple bullish engulfing. Will update if opportunity arises.
We are aiming for 92.
I believe it is difficult to penetrate below 90. round number after closing above it on the W1. Thus, those who are long with me are safe IMO. Look for re entry at a bargain.