Description: Pin Bars are very useful to trade both reversal and continuation patterns in the forex. They are designed to trade price action. Bearish pin bars are composed of a small body, long upper wick and very small lower wick. Bullish pin bars are composed of a small body, long lower wick and small upper wick.
File Name: Pin Bar.ex4
Metatrader 4 Screenshot:
EUR/USD 1 Hour Chart
Features: Works on all currency pairs, supports all time frame's, supports all market sessions, fully customizable, free licence, Metatrader 4 ready.
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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.