Forex Price Action

[forex4worth]

[quote=“hossein_mir,post:6847,topic:41718”]

@"forex4worth"

Hi) Below we have a 4 hour chart of EURJPY.I found something really interesting and reasonable to ask on this chart.The bearish pin bar was formed on the top of swing high and it,s called a pin bar because it did open and close within the previous bar.The size of the pin bar was not bad and the S&R levels are also quite relevent on this chart.This is supposed to be a good setup according to what i have read in the first 50 pages of this thread so far.But later the price went upwards.So any senior member here please tell me, am i missing something? Was this setup lacked something?Or is it simply something inevitable in forex which is to loose at somepoint?

Hi forex4worth
I just wanted t ask if the chart yo have uploded is 5-day NY-close charts?
Thank you .

No i have already wrote above its a 4 hour intraday chart.