The above forex trading educational video discusses a pin bar setup that I traded on the Dow. A massive bearish pin bar setup formed in a falling market, the pin bar closed below the moving averages, as I discuss in the video.
Once you see an obvious pin bar signal that stands out, it tells us something is happening, it is a clue that the market may be turning. The setup in this video resulted in about 400-500 points of price movement. When we combine price action that is respecting moving average levels, like in this video, we have a potential trading opportunity. Learn to trade one strategy and follow the trend, the advanced pin bar price action trading strategy in this video is a good example of this.
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