Trading Strategies using Price Action Pattern Setups with MAs Price Action Pattern Setups Indicator
One of the trade strategies using price action patterns is use of Pin Bar Pattern. A pin bar is a reversal price action setup on a chart which displays an obvious change in market sentiment during that trading period.
This pin bar price action trading strategy is a candlestick that has a long tail with the closing price near at the open.
The pin-bar candle price action setup resembles a pin thus the title Pin Bar - occurs and forms after an extended move upwards or downward.
How Do I Trade Price Action Pattern Setup with MAs Price Action Pattern Setups Trading Indicator
Pin bar setup price action reversal signal gets confirmed after the price closes below the candle that precedes this price action setup.
The pin bar price action pattern example shown & described below is confirmed after the price closes below the blue candle that preceded this price action pin bar setup.
How Do I Trade Price Action Pattern Setup with MAs Price Action Pattern Setups Indicator
Combining Together Pin Bar Price Action Pattern Setup with MAs Moving Averages:
Pin bar price action reversal set-up can be combined with other price action patterns indicators that can be used together with this price action reversal to generate buy or sell trade transactions.
Combining Pin Bar Price Action Pattern Setup with MAs Moving Averages Indicator
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