DislikedThis is the pin I am watching for too.
Stops are pretty huge though >:/
GBPJPY Daily pin (2d)
Nose to 146.76
Break at 152.35
Entry Target 152.45
Potential roadblocks: 152.84(ish) 200EMA
155.10 - big s/r ppz (daily), 61.8 retrace of last big move down
Potential stops:
149.90: r=255 - below big PPZ, 150.00 huge level, 38.2 retrace, H4 pin nose
149.40: r=305 - below 50% retrace
148.80: r=365 - below 61.8 retrace, H4 pin break, 23.6 retrace of last move
146.86: r=559 - below nose (10 pips)
Notes:
@1300: has retraced to the 23.6, formed...Ignored
The size may also work in your favor and break through some of your concerns.
Indicators show the past. Price Action "Indicates" the future.