Please forward this error screen to seq. Enter the characters you see below Sorry, we just trading naked forex to make sure you’re not a robot.
Enter the characters you see below Sorry, we just need to make sure you’re not a robot. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. The pin bar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected. Once familiarized with the pin bar formation, it is apparent from looking at any price chart just how profitable this pattern can be. It is typically colored white or another light color when the close was higher than the open and black or another dark color when the close was lower than the open.
The open and close of the pin bar are near one end of the bar, the closer to the end the better. In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows rejection of lower prices or a level of support. This setup very often leads to a rise in price. In a bearish pin bar reversal setup, the pin bar’s tail points up because it shows rejection of higher prices or a level of resistance. This setup very often leads to a drop in price.