entered short on a pin bar that just touched the top end of a range signalling a possible reversal with in the range.
this trade came off well and is currently still active and close to 1:4 risk reward. about 35 pips risked and sitting around 120 pips . stop is trailing fairly close to protect the profit.
i thought i would show how this pinbar looks on a 15 minute chart . basically the 4 hr pin bar nose is a break of a swing low and the initial stop is the swing high on the 15 minute chart. the argument could be made that one could use a 15 minute chart and trade breaks of swing highs/lows at key support/resistance levels on a 4 hour chart and obtain similar result. just my opinion but it kinda makes sense.
thanks for the feedback.
thank you for your comments. this trade is closed now with about 1:3 , 106 pips to stuff in the sock.
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