UPDATE: I WENT MT4 AND REALISED YESTERDAY'S D1 DID NOT CLOSE BELOW WEDNESDAY'S BULLISH BAR. IT IS NOT ENTIRELY A BEARISH ENGULFING PATTERN.. BUT TV'S IS...
COUNTER TREND TRADE BASED ON PRICE ACTION.
FAILED PIN BAR SIGNAL FOLLOWED BY BEARISH ENGULFING CLOSING AT ITS LOW.
ALTHOUGH SOME CAN DISPUTE THAT WEDNESDAY'S D1 CANDLE CANNOT BE A BULLISH PIN BAR AS IT OCCURED AT A HIGH,
IT COULD IN SOME SENSE SIGNIFY PRICE MOVING HIGHER AFTER MANAGING TO CLOSE ABOVE FEB 24 HIGH.
ENTER SELL @ 50%.
H1
"FAILED SIGNAL, BEST SIGNAL"
COUNTER TREND TRADE BASED ON PRICE ACTION.
FAILED PIN BAR SIGNAL FOLLOWED BY BEARISH ENGULFING CLOSING AT ITS LOW.
ALTHOUGH SOME CAN DISPUTE THAT WEDNESDAY'S D1 CANDLE CANNOT BE A BULLISH PIN BAR AS IT OCCURED AT A HIGH,
IT COULD IN SOME SENSE SIGNIFY PRICE MOVING HIGHER AFTER MANAGING TO CLOSE ABOVE FEB 24 HIGH.
ENTER SELL @ 50%.
H1
"FAILED SIGNAL, BEST SIGNAL"
