This massive bull wick on the 4h TF that rejected a support that has been tested 3 previous times makes me think that this has the potential to ride up to 30624 today before finding resistance there.
I think that the 30624 area is a good "consolidation" area but it is not a good entry point for a short because of the 10 candle resistance on the price above. Good...
If this dips to around 36, i'm happy with closing it. I'm looking for price to reach 37, then move SL to even and take half profit It also bounced from a strong trend line.
This was the first trade that I took. I screened for a nice pin in an open area and decided to take it like a maverick. It was stopped out on the next pin. Mistake #1, too short of a pin bar. The next pin was a much longer one, representing 8% of price increase. Pro tip:
WAIT FOR BIGGER PINS
TAKE PROFIT AT EXACT FIRST SIGN OF RESISTANCE