Video Synopsis – Pin Bar Reversal Forex Strategy
In this forex education video I am discussing a setup that occurred on the GBPUSD. The setup was a very large pin bar setup that showed clear rejection of a strong horizontal level in the market. The setup was with the dominant trend, after the first pin bar setup came off a second pin bar formed that retraced a part of the first bar’s range. We then had 2 bearish pin bar setups in the context of a down trending market that also had confluence of rejecting a strong resistance level in the market.
I made a reward of 3 times my risk on the pin bar setup in this video, it proved to be a very lucrative setup. This is a great example of how forex trading strategies like the pin bar setup traded with the dominant trend can make you money as a trader.