USDCHF - 2/12/2019 - SHORT
My trading ideas are analyzed on a basis:
Pinbar candlestick completed on the D1 time frame in the critical price zone.
The reason why the 1.00200 price area is an important price area:
- Here, the buying side tries to push many times but still fails to make it a strong resistance
- This is the Fibo 0.618 zone of a previous uptrend
-> The appearance of Pinbar candle on D1 frame above this price area is confirming the selling side is dominant.
Entry: 0.99800
SL: 1.00410
TP: 0.98450
Pinbar candlestick completed on the D1 time frame in the critical price zone.
The reason why the 1.00200 price area is an important price area:
- Here, the buying side tries to push many times but still fails to make it a strong resistance
- This is the Fibo 0.618 zone of a previous uptrend
-> The appearance of Pinbar candle on D1 frame above this price area is confirming the selling side is dominant.
Entry: 0.99800
SL: 1.00410
TP: 0.98450
Note
Trading With Pin Bar Candlestick Patternsforexfactory.com/showthread.php?t=857840
Trade closed: target reached
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.