#reversal
5 posts
Explore trading posts, strategies, and discussions tagged with #reversal on JustWolves.
Showing 5 of 5 posts tagged #reversal
Price Action Analysis: EUR/USD Morning Star Forming at Support
EUR/USD printed an interesting daily candlestick pattern today worth analyzing: The daily candle formed a near-perfect "morning star" pattern over the past three sessions: - Day 1 (Tuesday): Large bearish candle closing at 1.0792 - Day 2 (Wednesday): Small doā¦
Price Action Strategy: Pin Bar Reversal Setup on the Daily Chart
The pin bar (pinocchio bar) is arguably the highest-probability single candlestick reversal signal. Here's how to trade it systematically: What makes a quality pin bar: 1. Long wick (at least 2/3 of total candle length) on the rejection side 2. Small body witā¦
SMC Trading Strategy: Entry After Change of Character (CHoCH)
The Change of Character (CHoCH) is one of the highest probability entries in Smart Money Concepts. Here's how to trade it systematically: What is a CHoCH? In a downtrend (lower highs, lower lows), a CHoCH occurs when price breaks above the last significant loā¦
NY Open Reversal Strategy: Fading the First 15-Minute Candle
The New York open at 9:30 EST is notorious for false moves. Here's a strategy built around fading that initial spike: Concept: The first 15-minute candle often overshoots due to stop-hunting and retail FOMO. Fading this move when price returns inside the prevā¦