pip above the tail of the pin bar. The example in the chart below is also sometimes called a V bottom reversal, because the reversal is so sharp it literally looks a V Here is an example of a trending market that formed numerous profitable pin bar setups. We can see in the daily chart of EUR/JPY below two very well formed counter-trend pin bars that formed off support in a range bound market that netted some serious gains for traders with a keen eye for price action analysis. Reversals are one of the strongest price action setups, and one of the easiest to trade. The example below shows a single candle preceding tend. Each pattern has a set in stone definition and that is the only meaning it can have. Lets break this candle down into a story so you understand why it indicates indecision. It has a short upper wick, a small body, and a long lower wick. If you are in that category, you will have to find the best long-term trading strategy that you can and then trade that in the mornings before work or in the evenings after work.
In fact, my Forex trading strategy is so simple that you can trade it from your smartphone. So, this level could be resistance now. However, these days I trade more price action setups. Because if you are not a patient trader then you will not be able to wait for days and hours for entries, and in that case, it might be necessary for you to find the best short-term trading strategy because you will not have. Youll complete a basket of useful strategies that you will be able to reference in the future.