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Pattern Study Price Action and Pivot Point confluence

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
fxwaleed  
FX:GBPUSD   British Pound / U.S. Dollar
priceaction price action pivot point confluence USD (US Dollar)
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priceaction price action pivot point confluence usd-us-dollar
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

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