Tiger45
Long

Pin bar fake out

FX:EURUSD   Euro Fx/U.S. Dollar
45 0 3
Price has bounced off of 1.1220-ish twice, with the last time showing a weaker rejection. There are stops above that level, and the bearish pin bar brought in more shorts, and possibly causing the all-ready-shorts to tighten their stops above that.

Price has been creeping up to that level again, and I think when that pin bar breaks to the down side, more shorts will come in. I'm buying the break of the pin bar with a stop below the 1.11312 swing low. Looking for the upper level to be tested and trigger some stops.
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