Trading Strategies using Price Action Patterns with MAs Price Action Patterns Indicator
One of the trade strategies using price action patterns is use of Pin Bar Pattern. A pin bar is a reversal price action trading 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 the open.
The pin-bar candle price action setup looks like a pin thus the name Pin Bar - occurs after an extended move upward or downward.
How Do I Trade Price Action Pattern with MAs Price Action Patterns Trading Indicator
Pin bar setup price action reversal signal is confirmed after price closes below the candle that precedes this price action setup.
The pin bar price action pattern example illustrated & described below is confirmed after the price closes below the blue candlestick that preceded this price action pin bar setup.
How Do I Trade Price Action Pattern with MAs Price Action Patterns Indicator
Combining Pin Bar Price Action Pattern with MAs:
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/sell trade transactions.
Combining Pin Bar Price Action Pattern with Moving Averages Indicator
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