I have bought a position on S&P500 based on strong uptrend and price action on the 4 hour chart. As you can see in the screen below I have highlighted a bullish pinbar at a unique level in the market. Price dipped into a psychological level and was then rejected. The next candle hunted some stops below the tail, shortly after that is when I saw the setup and entered. I am expecting the US500 to go up.
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