the market made an inside bar. then it faked a bullish break out and prices came back down to leave a bearish pin bar. I'm selling with a stop at 1.8515. my take profit will be based on how prices move and what patterns the market makes
looks like an uptrend and in the correction it made an inverted head and shoulders. using fibonacci it bounced twice from the 100% and once from 1.27% with nice engulfing
pin bar reversal. pin bar wicked past the high of the recent candles and rejected and closed as a pin bar which is an entry signal and it has happened in london ny overlap which is a very volatile time for the market. take profit at structure. stop loss right above the high of the pin bar.
I am shorting this market because there was a good sell signal that came in the form of a kangaroo tail reversal pattern. along with resistance from a trend line. i always put my stop a few pis above the low or high of kangaroo tail
