Hi Mike/senior members,
I have a question regarding pinbar. I have attached a chart in which i have marked 4 pin bars from eurjpy weekly chart. but none worked well.
1. if we consider the first pin and the proxy the candle closed above the wick. It has long nose and is at swing low.
2,3,4.this pin bar also closed above the wick and has long wick and is at swing low.
my question is will u guys take these pin bars. If no is it because of the resistance in the left of chart or pin bar (shape and location)itself is not worth taking a trade or is there any other reason why u will not take this trade?
thanks a lot for ur advice.
I have a question regarding pinbar. I have attached a chart in which i have marked 4 pin bars from eurjpy weekly chart. but none worked well.
1. if we consider the first pin and the proxy the candle closed above the wick. It has long nose and is at swing low.
2,3,4.this pin bar also closed above the wick and has long wick and is at swing low.
my question is will u guys take these pin bars. If no is it because of the resistance in the left of chart or pin bar (shape and location)itself is not worth taking a trade or is there any other reason why u will not take this trade?
thanks a lot for ur advice.