Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200.
Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
Can you figure out the differences in the three pinbars highlighted...bearing in mind that the shape, length, or colour of the pinbar does not matter in this case.
Pinbars occur in the market as a result of two scenarios:
1) When institutional traders place large positions in order to reverse what we call a "trend"
2) When institutional traders take profit off...