Motivation to start learning Price action and confluence
3Bar 4H bearish Pinocchio Bar on GBPUSD gave a great risk reward ratio
Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level
Note: Trailing stop is prefered
Follow for more upcoming price action patterns studies..
3Bar 4H bearish Pinocchio Bar on GBPUSD gave a great risk reward ratio
Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level
Note: Trailing stop is prefered
Follow for more upcoming price action patterns studies..
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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.