fxwaleed
Short

Pattern Study Price Action and Pivot Point confluence

FX:GBPUSD   British Pound/U.S. Dollar
Motivation to start learning Price action and confluence

3Bar 4H bearish Pinocchio Bar on GBPUSD             gave a great risk reward ratio

Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level

Note: Trailing stop is prefered

Follow for more upcoming price action patterns studies..
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