USDCHF - 2/12/2019 - SHORT
Updated
My trading ideas are analyzed on a basis:
Pinbar candlestick completed on the D1 time frame in the critical price zone.
The reason why the 1.00200 price area is an important price area:
- Here, the buying side tries to push many times but still fails to make it a strong resistance
- This is the Fibo 0.618 zone of a previous uptrend
-> The appearance of Pinbar candle on D1 frame above this price area is confirming the selling side is dominant.
Entry: 0.99800
SL: 1.00410
TP: 0.98450
Pinbar candlestick completed on the D1 time frame in the critical price zone.
The reason why the 1.00200 price area is an important price area:
- Here, the buying side tries to push many times but still fails to make it a strong resistance
- This is the Fibo 0.618 zone of a previous uptrend
-> The appearance of Pinbar candle on D1 frame above this price area is confirming the selling side is dominant.
Entry: 0.99800
SL: 1.00410
TP: 0.98450
Note
Trading With Pin Bar Candlestick Patternsforexfactory.com/showthread.php?t=857840
Trade closed: target reached
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