Today we look at the Strategy of «Pin Bar», it is based on the approach to the price level of support or resistance and rebound from it with the formation of a candle with a long tail.
Earlier this site we have already seen forex strategy «Dzhankone for 5 minutes», based on the pin bars and publish guidelines for PIN-bars (you can download it from this link >>)
Entering the market is carried out after patterning Pin Bar in the direction opposite to the long tail, more video on this strategy:
As this pattern is called Pin Bar: fender candle reversal candle, and it works well in any market and in particular on forex when trading on the rules of graphical analysis or other forex strategy.
