Price has reached an area known to contain sellers, this area has shown strong swing points in the past. Over the past 24 trading hours sellers have taken control of price with the formation of a pin bar. My biased is towards a downward movement. Conservative entry could be placed below the low of the pin bar candle, if trade is triggered then the profit target will be when a price signal tells me that sellers are losing control.
Comments
lefevrenathan27
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Simple and very effective. Agree with your statement.