USDCHF (H4) - The bearish pin bar setup formed along the significant resistance near 0.9600 came off nicely producing a risk-reward of 1:3. Earlier, we can see that there were two pin bars formed near this horizontal line and this recent setup was also confluent with the current momentum downtrend(8EMA is below the 21 EMA). We should have entered when the price break below this pin bar, with the stop-loss placed one pip above the high. This is a very good example of trading with price action strategy.
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