Hey guys,
Not too sure why the pin below didnt work. Price broke 0.95 + ppz. Retraced to form a bearish pin which didnt really work out. Any idea why?
Also, am i right to say that when looking for PA, it is better to look for them at swing highs/lows? Looking at the chart below. perhaps the only areas to look for PA would be bearish signals off the 0.9650 initially followed by bearish signals off the 0.950. Bullish PA off the PPZs marked in the chart would only mean that we are trading into a consolidation and also against the trend.
Not too sure why the pin below didnt work. Price broke 0.95 + ppz. Retraced to form a bearish pin which didnt really work out. Any idea why?
Also, am i right to say that when looking for PA, it is better to look for them at swing highs/lows? Looking at the chart below. perhaps the only areas to look for PA would be bearish signals off the 0.9650 initially followed by bearish signals off the 0.950. Bullish PA off the PPZs marked in the chart would only mean that we are trading into a consolidation and also against the trend.
Attached Image