So many of these pins work that I often forget it's natural to get the odd losing trade.
This one looked good too - it's Royal Dutch Shell (FTSE 100)
Pin bar at a swing high (3 candles back from most recent)
It hit the 61 fib level dead on and after protruding through a major pivot price zone, it closed back below it.
The pin broke by 10 points and then it took off.
This one looked good too - it's Royal Dutch Shell (FTSE 100)
Pin bar at a swing high (3 candles back from most recent)
It hit the 61 fib level dead on and after protruding through a major pivot price zone, it closed back below it.
The pin broke by 10 points and then it took off.