Video Synopsis – Trading “Pin Bar Reversals” using price action in forex
In the above video I discuss a price action setup on the NZDJPY. We had an obvious downtrend on the NZDJPY, the 8 / 21 were crossed to the downside for sometime confirming the downtrend. We then had a series of inside bars form after a counter-trend rally to the upside. These inside bars were a warning the price was stalling out and we could see a resumption of the downtrend.
We then got a pin bar off the 8 day moving average signaling us to go short along with the dominant downtrend. This was a brief video simply showing an example of trading pin bar reversals using forex price action.