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lines, support resistance lines (anything to help you find these areas) Step 1 : Find a Pin Bar On Your Chart *Note This is a stock price action strategy, and a forex price action strategy. And this story gives us a nice little price action trade setup. However, this same pattern can also mean that a continuation is imminent. Price, action, there are, nO indicators. This is where we make our profit! The image below shows a bearish reversal trend forming forex robot ratings after indecision on resistance. One reason I like it is because you have an obvious area for your stop loss and the trade entry is determined by breaking of support/resistance.
As you can imagine this is where all the action happens. But what they learn is usually useless. When resistance is broken, price is moving up and could very well be aiming for brand new highs. Do not trade every pin bar you see that formed. Its refreshing sometimes to see a clean chart with no indicators. So if this is broken the trend may continue downward. This process will go on and on until a district winner is validated.