Video Synopsis – AUDJPY Continues with Pin Bar Candlestick Patterns
In the above video I recap the AUDJPY Pin Bar Forex Trade Signal setup on the daily chart from the previous video. In the last video I talked about the bullish signals that were forming on the daily chart, we can see in this current video that a bullish pin bar / inside bar combo formed on the daily AUDJPY chart. These inside bars formed within a “mother candle” which is a bar that fully engulfs the subsequent price bars.
On this setup my stop loss was set at 93 pips, setups like this allow for nice tight stops which make for great risk to reward ratios. The trade is currently in profit in this video and I moved to break even making this a risk-free trade. My target was set near 0.7830 for a risk to reward of 3 to 1. Note in the video the strong swing point that held near 0.7571.
If you would like to learn how to simplify your trading and trade price action setups off higher time frames as I did in the above video, please check out the member section and trading course for more profitable setups.
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