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nboone
Jun 8, 2016 2:41 AM

Bullish Pinbar w/ excellent support confluence on AUDCAD Long

Australian Dollar/Canadian DollarFXCM

Description

A bullish pinbar is forming on the 1 hour chart at a strong support level. If this candle keeps a proper pinbar formation and price breaks the high, the trade will be triggered.

Entry: Pinbar high + 1 pip
SL: Pinbar low - 1 pip
1st TP: ~.9495

Trade active

Order entry reached

Comment

In case the 1 hour entry was missed a similar scenario is playing out on the 4 hour chart. The entry based on the 4 hour will be a bit higher but it looks solid.

Trade closed manually

Price was unable to break shortterm resistance and trade was closed at BE
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