How are you going to trade the Pin Bar on the Weekly EURUSD?

[jesacrtt]

1 Attachment(S ) ) Daily

[jesacrtt]

I visit all weekly highs and lows as Sup/Res levels. (current red dotted lines)

I will enter brief at 1.3255 and T/P in the 1.3200 level.

S/L 1.3292.

I am in. Short 1.3255.

[turuxxserraoxrc87]

Analysis From Fxcm

London,
March 26. Ease back in the 1.3410 highs proceeds. Price action a week
formed a shooting star alteration on the weekly candles along with the lower open and very low
already seen today is half way towards confirmation. Will see this weeks
shut for a negative situation to confirm fully.
1.2980 is the first degree of any actual service on the weekly charts. This is
repeated weekly highs from May/June this past year and has been a previous high on the
charts. Those playing the short side can use this as an initial target amount.
Weekly trend studies also are in the process of rolling ahead of
overbought levels along with a break under the aforementioned 1.2980 should open the
method for further weakness towards 1.2485 that was a weekly low last October.
Nearer term nevertheless you will find the 21-day, 30-day and 200-day Moving Averages at
1.3225, 1.3195 and 1.3080 respectively and all provide great support beforehand. Given
this pair has not managed to preserve bearish corrections and price
will combine gains rather than pulling back the move lower is likely
to be disjointed. Daily trend studies have been ticking lower. A 1.3200 retest is
favored here. This is the 38.2% retracement of the 1.2870/1.3410 rally. A break
here eyes 1.3140 and 1.3075 that are the 50% and the 61.8% retracements of the
same movement.

[jesacrtt]

I am in. Short 1.3255.

Stop out at 1.3292. Let's see what news bring. Seeking to reenter a brief.

Jim

[jesacrtt]

Stop out at 1.3292. Let us see what news bring. Looking to reenter a short.

Jim

Oh Yeah, I forgot about the other eye. That is my story and I am sticking to it.
Jim

[jesacrtt]

Don't understand what I thought. Pin bars generally retrace back to shape the eye. My thinking was that the 1.3292 level was strong Res. It may behave as strong Sup. We are going to see.

Jim

[jesacrtt]

Weekly

[jesacrtt]

Daily showing engulfing bullish bar.

[lgox1963]

I was just wondering how you were trading that pin bar.

I took the short, but with all the stop just past the'nose' of the pin bar, in order that my stop is at 3412. Because of this I am still in the commerce although I am down quite a few pips.

Right now my brief does not look very healthy and I am trying to consider what could happen which would send this pair down.

[jesacrtt]

Looks good on the 4 hour, moonchild. Retrace on at .618 and daily Res. level.