Looking like a pin bar reversal

FX:USDTRY   U.S. Dollar / Turkish Lira
82 0 7
Sell if the current candle becomes a reverse pin bar .
Kumo breakout is looking unlikely since the future kumo is still red and CS             is finding resistance at the kijun, I am looking for the cs             to follow kijun down.
Trade closed manually: I have taken decent profits waiting for pullback and will buy back in.
Comment: I am back in this trade on the pullback but I would recommend waiting for the price to break down through kijun before entering again but if we break the cloud to the downside there could be a long way to go with this trade.
Trade closed: target reached: It was a good trade in the end but reversed straight back up into the cloud which is why I take profits on large candles and look to reenter on the pullback.
Comment: I should also mention again that I use this method as I like to get in and out of trades as fast as possible as I dont use a stop loss.
Comment: Question now becomes will it break out to the upside, we have a green kumo forming but the current candle again looks like it might be another reverse pin bar so there may be another short trade very soon.
Comment: I missed the breakout to the upside due to work but Im in now with a small profit, ill let this trade run for a while and watch the candles but I dont expect it to go too high.
Comment: This pin bar reversal trade happens often when we are expecting a kumo breakout, it has caught me many times where I expected a breakout and it went the other way fast.
Every time I have seen a pin bar reversal right before breakout it is a clear sign no breakout will happen. This time I was ready for it.
Huge lesson for anyone trading ichimoku!.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out