PIN BAR + FIBB RETRACEMENT + ENTRY SIGNAL
1. Hourly Pin Bar
2. Lower close of previous low hourly.
3.Increasing volume for downward pressure.
4. Price could not close above structure and 0.786 fib level
5. Moderate RR based on 1st TP.
*Would wait for 4 hour close of lower low to put in another sell order.
2. Lower close of previous low hourly.
3.Increasing volume for downward pressure.
4. Price could not close above structure and 0.786 fib level
5. Moderate RR based on 1st TP.
*Would wait for 4 hour close of lower low to put in another sell order.
Comment:
4 hour charts shows as a lower close from the previous low. A good entry signal.
Comment:
Another lower close from previous low and inside bar breakdown. Bearish momentum seems to be increasing
Comment:
About 50+pips thus far. No reason to close shorts yet or take partial profit.
Comment:
Around 70+ pips, taking half position off.
Trade closed manually:
Still a win although the other got manually closed with a loss