DislikedHi Tiki,
I like this pin because it is going in the direction of the overall trend, and because of its positioning. Gigantic stop though, so youd have to look to lower tfs for an tighter entry point. Just my opinion though, and watch out because there were some heavy moves in other markets this past week which may mean further volatility. If you arent sure stand aside, thats what Ive learned...take care, Raz
Ah pins on eurjpy and usdjpy pointing to further jpy weaknesss....any takers?Ignored
Yeah, you are right i think the uptrend is about to wsing back into action
Look the way price tested the broken TomDemark Resistance Line at 23.6 % Fib level also form a Double Bottom not only these but also a clear Hammer Pin bar all on the daily chart.
Also, on the 4Hr chart another Hammer Pin Bar formed. it's such a nice set-up.
It's better to microscopically look for an entry point just as you stated above.
See the attached
Attached Image