Last week came and went quickly for me. I was busy at work. Not much in the line of signals that I noticed during the free hours I had to watch the market until Friday. Here is a nice pin bar that formed at a support level. Similar bars can be found across a few different pairs. While the bar is not an actual piercing candle formation it is a strong looking signal being off a support area and closing well up into the previous candle.
I would be careful with this signal at next weeks open. Likely we will open with a gap and things will be a little unsettled on Sunday. Also this late into December signals may not be as reliable as market participation is at low levels due to the holiday season. All that said this is once again a very nice looking signal that I would be watching for as a rule.
This is not a recommendation to trade. If you are trading please know your risk or use a demo account.
Happy Holidays!!!
No comments:
Post a Comment
Thank You for your comment!!!
I may or may not respond! LOL!!!
Dan