DislikedThink I have it now. This should be better. As I said my chart only goes back a month so not great for putting in s/r areas. What do you think? Would it be a valid setup?Ignored
ideally, the pinbar should have its close lower than the open.
anyway, if the PB low (9580 ?) gets broken... 9550/60 area is potential FTA.
i checked here, http://finance.yahoo.com/q/bc?s=^N225+Basic+Chart&t=3m
it's been in a downmove since April.
but in your chart, it seems to be in a range (9350 - 9650), so i wont be surprised if this PB gets triggered barely & then price continues upward.
given all these info, ask yourself if u are comfortable trading it.. (u can watch the chart unfold or trade it on demo)