DislikedHello everyone,
I am looking for advice on whether to take this GBPCAD daily pin bar trade, it gives me few good reason to take it but I still want some advice from experience trader.
Reason to take this trade:
1. It bounce off 150EMA twice..
2. Double top (two day pin bar top)
3. 38.3% fib level. (very strong RET at this area)
If I set a selling stop at the pin bar low, my first target is 1.8, do u guys think if it is reasonable and a trade that is considerable to take it?
Any help will be appreciate!Ignored
Hardly 40 pips before we hit our first couple of bar highs,
Move on to the 4H and you'll see another nice ppz off the 1.82 level which also provided some great support to the first pin bar and which resulted in this second pin bar...
Just like Mike said, you are'nt being dissuaded against the trade, but if you do take it get into your most conservative guise to manage this well
Regards,
Ghous.
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I believe . . .