i posted this below chart earlier, on buying here on the 4 hr, its not a pinbar, but we have a pin pointing down right by the up trendline for the daily, confluence with support/ppz AND RN of 1.07 thats 3 confluences i had in confirming to buy, i am up now over 50pips, i have taken 1 third of my trade out for profits and moved SL on remaining positions.
my 1st TP area was 1.0760 my second is 1.0780 and final and third position will remain in hoping for the break above 1.08
J16 or MIKE could you put any input onto my aud usd trade and was it a good way of looking at it for the buy ??? many thanks and happy pipping
here is the chart just before taking the trade
EDIT!! : and also just checking the daily chart we have a small pinbar also in favour of my position on this pair, it didnt close within the last bar BUT im already in the trade and up.
http://i53.tinypic.com/168smfq.jpg
my 1st TP area was 1.0760 my second is 1.0780 and final and third position will remain in hoping for the break above 1.08
J16 or MIKE could you put any input onto my aud usd trade and was it a good way of looking at it for the buy ??? many thanks and happy pipping
here is the chart just before taking the trade
EDIT!! : and also just checking the daily chart we have a small pinbar also in favour of my position on this pair, it didnt close within the last bar BUT im already in the trade and up.
http://i53.tinypic.com/168smfq.jpg