PinBar Reversal
Updated
Pin Bar Reversal H4 H1
Extra Short Conformation
Stochastic H4 & H1 OB Conditions
MACD Diverging
Trader Notes:
Price Action hit an opposing lvl @ 116.524 price could not close and establish above this level, price hesitation lead to pin bar price action with Stochastic & MACD confirmation both in H4 & H1
Also note Weekly price action shows that this S/R is well respected
The concept of knowing how price moves is determinantal, price respect Daily: HH Closes = Wave a scalp opportunity is available (20 - 30 pips) for a proposed BO when (R) is tested is very likely to occur as well (SNF Long)
Extra Short Conformation
Stochastic H4 & H1 OB Conditions
MACD Diverging
Trader Notes:
Price Action hit an opposing lvl @ 116.524 price could not close and establish above this level, price hesitation lead to pin bar price action with Stochastic & MACD confirmation both in H4 & H1
Also note Weekly price action shows that this S/R is well respected
The concept of knowing how price moves is determinantal, price respect Daily: HH Closes = Wave a scalp opportunity is available (20 - 30 pips) for a proposed BO when (R) is tested is very likely to occur as well (SNF Long)
Note
Trade RiskPinBar NL (Below) Candle Close & Est. (Below) = Risk Reduction (80/20 Rule).
IF Price Closes ABOVE PinBar Close (Body) = Cancellation
Note
ETF H4 Op. lv 116.316
Price consolidates and hesitates to break this NL
Reduce Risk by 50% (Reduce SL/BE) or Cancellation
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