Traditionally, aggressive traders enter at market after a Forex Pin Bar is formed. However, the stop placed below the tail of a pin bar could be 200 or more pips. Many times, price will retrace back ...
Pin bars in the bar chart world are essentially the equivalent of hammers and shooting stars in the candlestick chart world. These single-bar price action indicators can be exceptionally effective ...
Nevertheless, the EUR/USD formed an intraday pin bar on the 4hr time frame at 1.2066, currently sitting at 1.2129. Does this trader think it will hold? Unlikely, this is why I prefer selling rallies ...
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