Price has shown a huge bullish pin bar on the 4H Chart. Because it has also bounced of a strong DAILY resistance line it would normally be a great opportunity to open a short term bullish trade. However the noise to the left is concerning me as price will struggle to fight through. Also I would need to see price close above the top of the pin bar to validate an short term long trade.
Current prediction Neutral, we sit and wait for a clear signal.
Current prediction Neutral, we sit and wait for a clear signal.