it depending from where we look the market. in wide frame (W/M), I see the market possible next to the 74164 levels (but break and stay above 71475 first). and if we use the simple "Inside Bars setup", I think is still not good to take Long trade for now(see the setup). but as we know, market always have their own way. as a couple days ago, many people in premium trading room said that the EURO zone will rise up with sharply, and what? many of those have bloody losses from their Long trades.
OMG.. "nice pinbar". well, you know how the price action such as "pinbar" works? pinbar identical to the preparation/build of new structures. if you said "i dont believe any movement below 0.71", it's ok, but here you can see what happen in the D1 chart.... may I suggest, don't you never judge the market from one side.