Gold (XAUUSD) and Silver (XAGUSD) Counter Trend Pin Bar on Daily Time Frame

Gold and has formed a pin bar in an obvious uptrend, this is signalling that there could be a pull back in the market as higher prices are being rejected.

This type of trade is not ideal for new traders, and should only be taken by traders with experience. It has to be managed very tightly in order to secure profit as soon as possible.

The near term support level in both these pairs is a very good level for traders to go long off on a valid PA signal.

Gold / XAUUSD Counter Trend Pin Bar

Silver / XAGUSD Counter Trend Pin Bar and Big Round Number of $25.00

GBPCAD H4 Pin Bar formed at Key Level

I have been watching the GBPCAD pair for a while now waiting for a good opportunity to go long
with the trend.

A Pin Bar has formed at a good level on the H4 time frame, with the trend and it meets my trading plan, so my orders have been placed.

US Oil 2 Bar Reversal at Support

So I have been watching US Oil and for the past few weeks it has been ranging, so I have been trading within the range.

Here is a trade I made based on a 2 bar reversal, which was actually spotted by a mate of mine who is also in the trading business.

My first take profit target has been hit and I have now moved my stop loss to break even to secure my gains.

EURCAD Price Action Kill Zone

Price has broken out from resistance on the daily chart for EURCAD, now what I will be looking for is a pullback to the previous resistance, now support and then I will be looking for price action to go long.

If price does break back down to this level and holds, we will be looking at a high probability trade as we are going with the trend and first targets would be set around the 1.94517 area.

EURAUD Fires off a Large Bullish Engulfing Bar

The EURAUD pair has been in a nice uptrend for the past 5 months, higher highs and higher lows. Recently it stalled and broke from its swing high to make a new high before retracing to support at the big round number of 1.4500 from which I took a trade on a bullish engulfing bar.

GBPCHF Pin Bar Setup on Daily Chart

I took this trade on the GBPCHF based on the daily pin bar at a key resistance level and at a big round number.

NZDUSD Pin Bar on H8 Chart

A Pin Bar has formed on the H8 Chart at a key resistance level on NZDUSD which I have entered, I will post results in a few days time.

AUDCHF Bearish Engulfing Bar on Daily Chart

A Bearish Engulfing Bar has formed on the AUDCHF pair on the daily time frame, I have my orders set and they are now filled, so waiting to see the outcome in a few days.

UPDATE: US Oil Trade

I have taken half my profit off the table and set my stop loss to break even on the other half of my position.

XAUUSD (Gold/USD) Shooting Star

So I found a pretty well formed shooting star on the 8 hour chart on Gold. It meets my criteria, wick twice the length of body, formed at good resistance area, with the trend and closed within previous bar.

I set my orders and now 1 position is in profit and the 2nd has just beed executed.

AUD/CAD Reversal Went Pear Shaped

So I seen what I thought was a good Price Action Signal on the AUD/CAD Pair, but what I didn't think about was, that it didn't meet my trading plan, the pin bar didn't close within the previous bar making it an invalid setup for me, hence the reason the trade went tits up.

US Oil Pin Bar on H8 Chart - Friday 9th August

So tonight I found this massive Pin Bar at a good support level on US Oil on the 8 Hour Chart. I Placed my entry order above the pin bar so it would be executed on the break, so far I am in £2300 profit on this trade. I am planning to take some profit off the table once we reach the 105.83 level.