PinBar Reversal
Pin Bar Reversal H4 H1
Extra Short Conformation
Stochastic H4 & H1 OB Conditions
MACD Diverging
Trader Notes:
Price Action hit an opposing lvl @ 116.524 price could not close and establish above this level, price hesitation lead to pin bar price action with Stochastic & MACD confirmation both in H4 & H1
Also note Weekly price action shows that this S/R is well respected
The concept of knowing how price moves is determinantal, price respect Daily: HH Closes = Wave a scalp opportunity is available (20 - 30 pips) for a proposed BO when (R) is tested is very likely to occur as well (SNF Long)
Extra Short Conformation
Stochastic H4 & H1 OB Conditions
MACD Diverging
Trader Notes:
Price Action hit an opposing lvl @ 116.524 price could not close and establish above this level, price hesitation lead to pin bar price action with Stochastic & MACD confirmation both in H4 & H1
Also note Weekly price action shows that this S/R is well respected
The concept of knowing how price moves is determinantal, price respect Daily: HH Closes = Wave a scalp opportunity is available (20 - 30 pips) for a proposed BO when (R) is tested is very likely to occur as well (SNF Long)
Note
Trade RiskPinBar NL (Below) Candle Close & Est. (Below) = Risk Reduction (80/20 Rule).
IF Price Closes ABOVE PinBar Close (Body) = Cancellation
Note
ETF H4 Op. lv 116.316
Price consolidates and hesitates to break this NL
Reduce Risk by 50% (Reduce SL/BE) or Cancellation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.