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Supply&Demand Price Action By The5ers Prop trading Fund
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Sep 09 at 11:56
A Confluence of MACD Divergence and Pinbar Candlestick.
Monday 09/09/2019
Pinbar candlestick is one of the most reliable candles in the Forex charts.

It is a reversal candlestick signal.

The unique structure of this candle includes a long candlewick, at the opposite side a small candlewick, and a small body.

The long candlewick should be at least 2/3 of the entire candle.

The most reliable Pinbars are the ones that formed after a significant trend.

Last month’s candle in EUR/GBP ended as a Pinbar candlestick.

Pinbar candlestick in MN (monthly) chart is very rare.

In addition, we can see a significant MACD divergence in the MN chart.

In the D1 time frame chart, we should for the right setup to sell EUR/GBP.

I’ll wait for one of these two situations to happen.

1 – If the price will breakout the demand below it indicates the price on its way to reaching the demand at the bottom.

In that case, I’ll look for price action setup for a sell position.

2 – If the price will reach the supply above, I’ll sell there at the first touch of the price.

The target in both cases will be the demand at the bottom.
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cevsmile

Member Since Dec 11, 2013  30 posts Lalu Sefty Junaedi (cevsmile) Sep 10 at 09:10
5ers? gilben?

Discipline with your trading plan!
The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Sep 16 at 12:44
WTI Reaches a New 4 Month High After Saudi Arabia Oil Field Attacks.
Monday 16/09/2019
WTI price opens this trading week with a huge gap up.

The price ended last week at 55.00 zones and open this week at 60.00.

The highest level the price reach since the market opened is 63.00 zones which is a new high record for the past 4 months.

The reason for this Gap up is the brutal attack on Saudi Arabia oil fields.

From the technical analysis perspective, the Gap up creates a fresh demand.

This demand is a great level to buy WTI and join the bullish momentum.

It seems there are many unfilled orders waiting for the price to come back to this level.

I’ll buy WTI at this demand and the first target will be 65.00 zones.

The final target for this buy position will be 73.00 zones.

BTW – if the price will break out the demand below it indicates the price on its way to reaching 45.00 zones.

 
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superswingtradr

Member Since Aug 31, 2019  4 posts SuperSwingTrader (superswingtradr) Sep 18 at 02:26
Your Zone for EURGBP Didn't work

superswingtradr
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Commonwealth Bank Manufacturing PMI (14h 25min)
Saudi ForeignMin: If attack launched fro...(14 min ago)
EURUSD 1.1019 GBPUSD 1.24675
USDJPY 107.551 USDCAD 1.32646

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