I saw it but I didn’t take it
I prefer to enter at the bottom of the daily range ,
Good luck
Justise - I’m in on this one. I’m liking the look of the long down pin on the 4 hour chart. I got in late, around .8269. I"m seeing the first resistance at .8304 level, with second resistance at .8356 level. I’d be curious if anyone else is on on this trade.
just make sure not to look at this trade again for the next 4 or 8 hours…and have the little box in the bottom at another tab like “news”
helps out a lot
What PA will you be trading here?
EB at a mild up rise
it didnt close as strong tho
That USDJPY 4H 2BR was dropping straight into the daily support so a pass for me on this CT trade.
I would prefer to wait and buy, after all, double bottom, 1-2-3 reversal…
i have a question
is the close of candles so important? like the close of 4H or daily? i think it is and people react to candles at the close of these hours, this is why we see spikes at the last few minutes of it
so isnt trading those 8H and 12H more risky? since not that many people trade them?
I like this one. also there is a D1 pinbar forming on it. however on the Weekly chart we see bullish pinbar, wich makes certain indecesion, so Id be carefull with this trade.
Hey Cheva!
it doesn’t matter what’s happening on the weekly, remember it takes 7 daily candles to form a weekly candle, who knows what would happen in between, price might just fall and bounce off support or whatever 
If that candle closes as a pin then it would be a valid short in my book, seeing that resistance level has held in the past and we’d have space for price to move. Just my 2 cents & some change.
It’s just a visual thing for the most part, blending the candles together. For example, a bullish 2 bar reversal on the 4 Hour chart will look like a pin bar on the 8 Hour chart, which is easier for some people to spot. I can see how in some cases it would be different (depending on which candles get blended) but the overall “story” told by the candles should be similar, if that makes any sense.
I’ve never had the volatility spikes on candle closes cause me any worry, but I trade mostly daily.
when is the SR level from?
marked on daily at 171.00 ish
darth
im guessing you mean 171.00, i’m not really sure about that one to be honest, its a lovely pin bar and could well work out, but marking SR then moving up TF’s has never sat particularly well with me, just my thoughts though mate
I’d rather take the daily pin bar in CADCHF at 0.8330 resistance level.
Although it has not the biggest wick in the world…
Agreed… Waiting to see what the next candle brings to decide if I want to enter.
Hi Justise,
i also had these question for 1 year, and find out that we should wait until the candle close to ensure that the momentum and signal are real. there are lots of fake movement were make by " big Guys", market makers to catch our stoploss. also fails break out. we wait the signal, then we wait until it come real to enter. it need time to confirm, like 4H, 1D… more time, more belivable. that why we were advise that should trade over 4H TF. this is just my experiences…
Thank you for the comment.:53::5: I saw this opportunity late when it went swing low. At least we see an example for a good setup. Have you gained any pips with it?