About the 4 hr graph bearish pin bar is forming only around the 78.6 Fib level along with the weekly R2 Pivot line. This is the resistance area in the daily graphs. The four hr candle is poised to shut beneath the top resistance level. As shown in the rectangle, the price has had two successive closes. The price is under the 28 period EMA and the 15 period. So entered brief with SL the top amount of the consolidation amount and TP at 61.8 Fib. Lets see how this transaction goes. Risk/Reward is 1:2.
Reply With Quote
