25 pip risk for 75 pip gain - i'll take 3 of those please!
I outlined this set up 12 hrs ago however it was on the 15 min chart and it never materialized by end of day and the 4 hr pin bar has displayed it's self so the 4 hr chart it is.
So it is in line with current daily trend.
We are at the 50% fib level off last impulse wave on 4 hr chart.
Pin bar to the upside.
Now don't be greedy I would look at getting out AT THE 83000 LEVEL.
On the weekly chart the 83000 area is the 50% fib retrace level. So prob
some strong reaction like prior.
The main reason I like this senerio is the risk reward is good, risk approx
25 pips for approx 75 pips gain should this work out.
Happy trading :-)
So it is in line with current daily trend.
We are at the 50% fib level off last impulse wave on 4 hr chart.
Pin bar to the upside.
Now don't be greedy I would look at getting out AT THE 83000 LEVEL.
On the weekly chart the 83000 area is the 50% fib retrace level. So prob
some strong reaction like prior.
The main reason I like this senerio is the risk reward is good, risk approx
25 pips for approx 75 pips gain should this work out.
Happy trading :-)