We've trapped USDJPY on the H1 chart. Theres only 2 ways this is going to play out now, all we have to be is patient and wait for the confirmation regarding the break of trend.
And remember, whatever USDJPY does, GOLD will do the opposite ;)
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...