Video Synopsis – Trading the Pin Bar Reversal – Make Money Trading Forex
In the above forex trading education video I discuss a fakey setup with pin bar on the 1 hour NZDUSD chart. The setup formed in the context of a down-trending market and then quickly proceed to break down through an intra-day support level.
This intra-day fakey setup formed as a series of inside bars resulted in a false break to the upside and then a push lower.
This setup came off very nicely to the downside, you can see in the video that I actually stopped the camera and then came back the next day to see what happened. The trade did play out in my favor and I made over 3 times what I risked.
The 4 hour chart confirmed my entry on the 1 hour by forming two bearish inside pin bars in the direction of the trend. This video is a great example of how to make money trading forex with the pin bar reversal.