Pattern Study Price Action and Pivot Point confluence

Motivation to start learning Price action and confluence

3Bar 4H bearish Pinocchio Bar on GBPUSD gave a great risk reward ratio

Pinocchio Bar formed on a Pivot resistance which gave confluence
Entry at lowest point of the formation, SL at top point of the formation, targeting Pivot Support level

Note: Trailing stop is prefered

Follow for more upcoming price action patterns studies..