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Scientist
Jul 8, 2015 11:44 AM

pinbar on a dynamic support line  Long

Citigroup, Inc.NYSE

Description

Previous day formed a pin-bar like candle on a MA line. I expect price to go up. Will enter long now with partial lot-size/ SL below daily candle, TP1 at least 57.50. If price goes down today I will open another long at 53.50 for better R/R ratio.
Comments
Scientist
closed at July 16 at 58.43. Great deal!
Scientist
probably now is the best moment to enter - we are roughly on pin bar minimum, price is 53.19. So we can put SL extremely tight and enjoy high R/R ratio.
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