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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

AUDJPY Continues with Pin Bar Candlestick Patterns

2011-06-10T23:20:45+00:00
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By in Forex Trading Videos Last updated on | 7 Comments

This is a recap of the previous Video on AUDJPY pin bar inside bar combo signals. Market trending nicely and has formed a further bullish rejection from lower levels. Watch Part 1 Of This Video Here Before Watching Part 2 Below.

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.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Rahmat March 3, 2017 at 5:20 pm

    Nice risk free setup by trailing the stoploss after new support existed from two rejection tail bars…Thanks Nial

    Reply
  2. margo July 8, 2013 at 5:01 am

    I constantly spent my half an hour to read this website’s articles daily along with a mug of coffee.

    Reply
  3. George November 30, 2011 at 7:14 pm

    Thanks again.

    Reply
  4. Mike July 24, 2009 at 8:21 am

    Hi Nial
    From my understanding of your price action trading methodology, you would not have entered this trade until it retraced down to the halfway point of the pin-bar ?
    Since it did not retrace that far, how did you determine to enter the trade anyway ?

    thanks
    Mike H

    Reply
    • nial July 24, 2009 at 8:55 am

      There is multiple ways to enter a pin bar, in this case, my stop was able to be tight, under 100 pips, and the market dipped down on the Monday open and proceeded to rally.
      Its a solid opportunity when a market gaps on Mondays. Hope you understand that this style of trading is not mechanical, you need to use your head sometimes, it will come with experience.
      Nial

      Reply
  5. Lisa McGrath July 24, 2009 at 7:20 am

    wooo ~ *sparkly*
    I’m definitely a Nial group*ie ! :)

    Reply
    • Ann March 20, 2014 at 4:36 am

      You and me both. : ) So clear and helps to develop a feel for the market.

      Reply

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