Pattern Study Price Action and Pivot Point confluence
Motivation to start learning Price action and confluence
3Bar 4H bearish Pinocchio Bar on GBPUSD gave a great risk reward ratio
Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level
Note: Trailing stop is prefered
Follow for more upcoming price action patterns studies..
3Bar 4H bearish Pinocchio Bar on GBPUSD gave a great risk reward ratio
Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level
Note: Trailing stop is prefered
Follow for more upcoming price action patterns studies..
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