Found this interesting and wanted to share.
Description is on the chart.
I entered long after the pin bar was broken to the upside. please be aware that you should not trade any pin or inside bar, only use them as a tool to find enties at a -level- that is interesting anyway.
in this case we are observing some kind of 2618 setup which retraced deep, so we have the last chance to enter now.
in addition the double bottom gives us a good idea where to place stopps (below!)
in my view the lower time frame descending price channel ("structure") suggests to be a structure of these kinds likely to break to the upside).
enough reasons to waste 1% of your trading account?! then join me! ;)
have fun and have a nice day!
Description is on the chart.
I entered long after the pin bar was broken to the upside. please be aware that you should not trade any pin or inside bar, only use them as a tool to find enties at a -level- that is interesting anyway.
in this case we are observing some kind of 2618 setup which retraced deep, so we have the last chance to enter now.
in addition the double bottom gives us a good idea where to place stopps (below!)
in my view the lower time frame descending price channel ("structure") suggests to be a structure of these kinds likely to break to the upside).
enough reasons to waste 1% of your trading account?! then join me! ;)
have fun and have a nice day!
Komen:
chance to reenter or add more
a break to the upside would be great. we ll see.