I am looking to long at the retracement 0.618 of the pin bar.
Hopefully, the support can hold and the price can go a lot higher.
If the price did go up, it is possible to break the resistance.
Let's see.
Hopefully, the support can hold and the price can go a lot higher.
If the price did go up, it is possible to break the resistance.
Let's see.
Note
Let's take a look at H4 chart.[img]
It also forms an inside bar and it did break.
I would like to long at the retracement 0.618 of the formation.
That's the same concept at Daily chart, it is a tight SL point.
Trade active
Trade closed: stop reached
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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.