Tuesday, October 26, 2010

Pin Bar Precludes Good Moves in EUR/USD

Here is  a glowing example of a perfect Pin Bar.


What is it that made this a Good Pin Bar?
  • Extremely long wick and very small body
  • Pin Bar formed at a previous level of resistance
  • Pin Bar wick extended beyond previous price action
  • Pin Bar extended beyond previous resistance level
This is the price action that you should seek out and target as the best Pin Bars like the one shown here are the ones that pay the dividends.

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