we can see examples of one of my favorite price action trading strategies, the pin bar reversal setup. This is not candlestick analysis, it is pattern recognition. In the gbpusd chart example above, we can see that price has stalled at the.3070 twice (green highlights).
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Make sure you develop a plan that will help you get out of trades quickly and do not just focus on how to get into the trades. But there is one more thing we need to look at The indecision candle is forming on top of a resistance area. We have even published what some have said is the best forex trading strategy video out there. In fact, my Forex trading strategy is so simple that you can trade it from your smartphone. Support and resistance placements still need to be done by a person.
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