Short pink line. PT Green line. SL white line.
Short pink line on FT of the pin-bar low.
SL above the swing high.
PT support at green line - and hold onto part of the position, because price has already tested this level multiple times - thus more likely that support will break.
SL above the swing high.
PT support at green line - and hold onto part of the position, because price has already tested this level multiple times - thus more likely that support will break.
Note
Note: The pink line is not a pin-bar low at the swing high, that's my mistake. The pink line is playing short at price rejecting the F.T. of previous support broken.
Still a level to short, just not the low of a swing-high pin bar.
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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.