DislikedHey Jim,
Would you play this weekly pin bar using the eyes of the previous three weekly bars (not the most recent eye which would disqualify this pin as an a+ set up) and ppz level? Could this weekly pin be classed as an advanced pin bar set up?
Would appreciate your thoughts and others too on this set up.
Jim
JimIgnored
Hey Jim . . Do you mean as a touch trade base on this Weekly PB and its "eyes"? No, I wouldn't trade it in this way . . I would look at it like this .
. . .
The PPZ level at the 1.4080ish is currently acting as Support . .notice that Price can't close below this level. I would look for Bullish PA at this level on the Daily or even the 4 Hour as long as the bullish PA closed above this level.
Is the current Weekly PB showing this bullish indication? It may be, but I would want the PB to be more Bullish in structure and closer to the actual level.
Jim
Indicators show the past. Price Action "Indicates" the future.