Market retraced to 50% level from recent downswing and formed a pin bar. For me, this pin bar is not convincing enough given its higher close compare to the previous candle. Still waiting for a confirmation signal to go short around this level. Possibly another pin bar from this current candle (closing in about 10 minutes)? Or a lower low, lower close candle?
Lets wait and see what the market has for us.
Lets wait and see what the market has for us.