16th
TRADE Scan on 3 brokers at end of DAY / beginning of DAY :: PFD : Switch Markets : MT4 and GO : MT5
PLEASE NOTE : This is MY observation of pairs highlighted by my pinbar and engulfing indicator and not an explanation of any trade - JUST OBSERVATIONS
MY Forex Google Share Folder
https://drive.google.com/drive/folders/1yfcaMi1GbMbSBEdV1G75hQdngFoFDyrh


FROM MY PINBAR and ENGULFING INDICATOR on the three brokers ::
CADJPY, CHFJPY, EURJPY, USDJPY, LTCUSD




2024.05.16,CADJPY, engulfing , high = 114.708, low = 113.749
red body engulfing candle – move down to a local level – possibly in a stalling wedge pattern – near chart high


2024.05.16,CHFJPY, engulfing , high = 172.688, low = 171.339
red body engulfing candle – move down to a significant level – possibly in a stalling wedge pattern – near chart high


2024.05.16,EURJPY, outside, high = 169.4, low = 168.026
red outside candle – move down from a significant level – near chart high - possibly in a double top pattern – top of a long up trend – not a naked trade as not engulfing – perhaps similar


2024.05.16,USDJPY, engulfing , high = 156.56, low = 154.692
red body engulfing candle – move down to a local level – possibly in a stalling wedge pattern – near chart high – top of a long up trend


NOTE : the JPY component


2024.05.16,LTCUSD




US30, – near chart all time high


XAUUSD & XAGUSD – move up to near recent high – GOLD completing bread and butter pattern / trade


Oil – stalling at a significant level – long wick pinbar or near pinbar candle – possible naked trade for BRENT


crypto – green engulfing candles – move up from stalling


GOOD PIPPING



Old Jungle saying : Phantom’s guns quicker than eyes can see.