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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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By in Forex Trading Videos on | 2 Comments

Video Synopsis – Pin bar reversal on EURUSD, forex price action

In this forex video recap on the EURUSD we are discussing a large pin bar reversal that formed on the daily chart. This was a counter-trend pin bar setup, but it had a very large tail that was greater than 2/3 of the entire range of the bar; we ideally want to see the tail be at least 2/3 the length of the bar and the body only about 1/3.

We can trade “in and out” of the trend, meaning when a strong price action signal forms that is counter-trend, like what we got in this video, you can’t really just ignore it. Existing market momentum will terminate at some point, price action gives a way to interpret this momentum and spot possible termination signals of this momentum. The setup in this video occurred at a very strong resistance level near 1.4800. The market stalled at this level and the pin bar setup started coming off as I made this video.

Price action pin bar strategies are simple yet very effective, in trading, “keeping it simple”…works.

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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 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Rahmat Hidayat March 20, 2017 at 7:14 pm

    Nice trading software with so many drawing tools and off course thanks for reversal pinbar setup explaination.

    Reply
  2. Tim Huang December 21, 2008 at 2:53 pm

    Hi Nial, this video is very impressive, I like your “keeping it simple” trading style.

    Wish you Merry Christmas and Happy New Year!

    Reply

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