This short USD/JPY trade was entered at the break of the low of that large red Pin candlestick. The 30-minute chart also shows a Head & Shoulders pattern, which gave me a little more confidence to go short. Of course there is no guarantee that this trade will work out, even with the H&S formation.Just entered this long trade from a bullish engulfing bar on #AUDUSD - TP set at 0.763 $AUDUSD #forex #forextrading pic.twitter.com/abZGGbpv3q
— RazorForex (@RazorForex) April 8, 2016
I entered this long trade on the GBP/JPY pair yesterday. The downtrend has been relentless for the past few days, and it seemed like the market was in oversold territory. I saw this nice Pin-candle with a nice amount of divergence on the RSI, so I decided to go long. Exited with around 112 pips on this one.Just took this short $USDJPY trade on the bearish Pin-Bar, TP is set to 107.76! #forex #forextrading #USDJPY pic.twitter.com/L1WtFTDfRs
— RazorForex (@RazorForex) April 8, 2016
$GBPJPY RSI divergence + Pin-Bar long trade from yesterday, +112 pips on this one! #gbpjpy #forex #forextrading pic.twitter.com/dK7stlbj9D
— RazorForex (@RazorForex) April 8, 2016