hello,nice ideas as always Fosking!
@Knuckheld -i like the entry point you are pointing
i got long in h4 aud/usd after the downgrade of France.this pinbar gives a good rr trade i guess.if you zoom to m15 you will again see a pinbar-people was selling on panic (hitting stops of bulls)or were afraid of staying out of the "big downmove" so they got in short in poor positions only for big players to absorb their selling and buy in good prices
i ll add to the position if price retrace to the 50% of the h4 pinbar
have a nice week ahead all!
@Knuckheld -i like the entry point you are pointing
i got long in h4 aud/usd after the downgrade of France.this pinbar gives a good rr trade i guess.if you zoom to m15 you will again see a pinbar-people was selling on panic (hitting stops of bulls)or were afraid of staying out of the "big downmove" so they got in short in poor positions only for big players to absorb their selling and buy in good prices
i ll add to the position if price retrace to the 50% of the h4 pinbar
have a nice week ahead all!
Never again will fade the trend