Pin bar reversing trigger
In the action video on the price of education on currency trading, I analyze a configuration that occurred in the NZDJPY. The NZDJPY was in a bearish trend, then we obtained a pin bar that occurred in a horizontal resistance area and on day 21 of ema, showing the rejection of this resistance and according to the general bearish trend.
I entered the configuration the next day after the pin bar at 50% setback. My stop loss was approximately 70 pips wide and my goal was set at around 1: 4 risk, this means 4 times more risk. I won around $ 9,000 in this configuration, profit.
When there is a trend, I will continue that trend and try to operate in the direction of the trend, observing the moving averages and the areas of support or resistance for the price action configurations. The pin bars work well from large levels in the market, if you are trading with the opposite trend you want to see price action configurations at very significant and obvious levels. When operating with the trend, a configuration can be a little more moderate, as long as it is obvious and is formed near some dynamic support or resistance level that is similar to the average mobile support or resistance. This video shows how to change the inversion of the pin bar.
TUTORIAL
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