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Forex question How to take this Price Action
avatar Dacep21
Question by: dacepollard - 09 Feb 2017, 01:03:51
How to take this Price Action
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Answers (1)
avatar user 11878
Answer by: JustinJones - 09 Feb 2017, 01:06:47

A forex price action pin bar formed as showed in the blue highlighted box. Lets Analyze this price action pin bar: 1) Pin bar formed off the 25 moving average (yellow line) 2) Pin bar protrudes out from surrounding prices. But the nose could be longer. 3) The past few bars before the pin were all bearish bars. Which would make me doubt on whether the small pin has the strength to take on the previous bearish bars 4) The over trend is in an uptrend

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