DislikedI am not Jarroo but I agree with Mr. T. The pinbar itself was beautiful! The reason I would not trade it is due to the rather sideways move just prior to the pinbar. When a bar setup appears, I determine if the market reaction that created the setup is strong or weak. The sideways movement indicates weak reaction to me as price just hung around the resistance just prior to the pinbar. Hope I made sense. There are always great setups around the corner, so why not be extremely selective? We had IBs galore on the daily charts today, however, I did...Ignored
I like the 1.5650 area, now let's wait and see if we get some obvious PA set-ups.
Well said phpscott.
Indicators show the past. Price Action "Indicates" the future.