Bullish Abnormal Pin Bar Appeared in an Important Key level also it's a key low point and the volume confirms the movement too.
This could be the pullback after breaking Trend 1, but my opinion is that the new departure is beginning because of the volume and moving averages confirmation. A strong pullback to Trend 1 will approve my idea and the target will be $9.6.
If the price breaks the $9.7 level with a strong move, the next target will be around $11.4 - $11.8.
My trade details based:
- 1st entry: $8.24
- 2nd entry: $7.9
- SL: $7.22 (or if weekly support is broken by a string bearish candle)
1st target: $9.6
2nd target: $11.3
Indicators used:
- Abnormal Pin Bar
- Trend Key Points
This could be the pullback after breaking Trend 1, but my opinion is that the new departure is beginning because of the volume and moving averages confirmation. A strong pullback to Trend 1 will approve my idea and the target will be $9.6.
If the price breaks the $9.7 level with a strong move, the next target will be around $11.4 - $11.8.
My trade details based:
- 1st entry: $8.24
- 2nd entry: $7.9
- SL: $7.22 (or if weekly support is broken by a string bearish candle)
1st target: $9.6
2nd target: $11.3
Indicators used:
- Abnormal Pin Bar
- Trend Key Points
Trade closed: stop reached