Bullish pinbar rejection candle formed at daily support zone. Price broke above the high of that candle which adds more confirmation to the signal. Target is nearest daily resistance zone to the upside.
Note
Price also broke and closed above counter trendline on the H1. This is also the third touch to the daily trendline.
Trade closed: stop reached
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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.