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Joined Mar 2007
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Status: I did! I did saw a twend!
|395 Posts
Price at daily pivot + pin bar + general down trend
Closed locked in a profit near prior support area. Letting the rest run.
closed final amount for +41 pips at daily support.
Review.
This trade made sense. Daily bearish bar. Price retraced on the 1 hour and 30 minute to the Daily Pivot level. Price bounced off the daily pivot with a pin bar. Entered on break of the pin bar with stop above the pivot. THen locked in some profit and let the rest run; which was closed at daily support.