The classic Pin Bar forms on the critical support/resistance levels at the maximal/minimal values in the places where, theoretically, the trend may end. However, there are more options for the Pin Bar formation, which are the places of the trend correction.
Tag: forex market
We hope that this post will be interesting and useful to both beginners of the Forex market, who’d like to invest minimum money, and experienced managers, who invest large amounts of funds in diversified investment portfolios.
Most traders I have known want to absolutely conquer the market. Some succeed, but only every now and then, failing to turn this conquer into a permanent win. The reasons are many, from insufficient skills or experience all the way to the lack of the 'holy grail', with the 'not enough money' reason in between. Well, a good set of excuses. These reasons, however, are somewhat true, as all traders are different and use their trading potential differently.
Forex exchange market (name derived from FOReign EXchange) is an international market meant for broker companies, banks and investment funds trading currencies. Currency exchange market formed in the 70-s when the financial world passed from the gold standard to free currency pricing.