CADJPY 4H PIN BAR (Bearish )
CADJPY 4H PIN BAR
After 30 mins the 4h candle is going to be closed.
If we saw a long pin bar like this
we can sell right at the next candle's opening price
Basically It just tells us 89.20-89.30 has
very strong sellers.
SL above the Pin.
Target: Twice of your Risk ( Entry - SL)
Eg. if Entry at 88.95, SL 89.40
your risk is 35 pips
therefore your profit target should be about 70 pips.
Trade with Care.
Remarks: if strong bullish candle break 89.40
then the set up is invalid.
After 30 mins the 4h candle is going to be closed.
If we saw a long pin bar like this
we can sell right at the next candle's opening price
Basically It just tells us 89.20-89.30 has
very strong sellers.
SL above the Pin.
Target: Twice of your Risk ( Entry - SL)
Eg. if Entry at 88.95, SL 89.40
your risk is 35 pips
therefore your profit target should be about 70 pips.
Trade with Care.
Remarks: if strong bullish candle break 89.40
then the set up is invalid.
Note
SO FAR SO GOOD.price went down 30 pips
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.