Pin Bar
The Pin Bar is a Candlestick Pattern that is extremely effective when trading the forex market.
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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