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...
Hello, colleagues. According to my price analysing system, there is a signal on a short at GBPJPY. Down trand is clearly seen. Price is increasing, creating pullback of down trand and it has already moved for 50% of previous movement (an extra reason to sell). As the price moves upwards it slowed down creating pins. What is more, price has breaked a bit through...
Sell after the breakdown of the main support, on the pullback toit (D1)
On H4 price very slowly moves upward forming a setup: fakey.
Sale on the main trend on the pullback on the main D1 chart + 50% Fibonacci, + crossing EMA150 / 365 on H1 chart.