CADJPY 4H PIN BAR (Bearish )

CADJPY 4H PIN BAR
After 30 mins the 4h candle is going to be closed.

If we saw a long pin bar like this
we can sell right at the next candle's opening price

Basically It just tells us 89.20-89.30 has
very strong sellers.
SL above the Pin.
Target: Twice of your Risk ( Entry - SL)

Eg. if Entry at 88.95, SL 89.40
your risk is 35 pips
therefore your profit target should be about 70 pips.

Trade with Care.
Remarks: if strong bullish candle break 89.40
then the set up is invalid.

הערה:

SO FAR SO GOOD.
price went down 30 pips