For the second time in 2days, we have a pin bar at the close of the days trading. GBPUSD has been on a free fall and it just has to pullback at some point but there had been several failed pin bar trade setups recently including that of yesterday. Today's Pin bar should push prices higher. while this is a counter trend trade, it does seem to have a good Risk/Reward ratio.
My recommendation: Long with stops just below the pin bar
No comments:
Post a Comment