Sentences with phrase «obvious pin bar»

Note the pin bar marked on the chart below, it was an obvious pin bar that showed forceful rejection of a key resistance level, and then the market chopped around about 6 days before finally moving lower.

It was valid pin bar since it formed close to key support near 98.70 — 98.50 and had obvious pin bar definition.

You're looking for only super obvious pin bar signals, bullish or bearish, with long protruding tails.

Practicing taking only the most obvious ones, this way you give yourself the best chance at a winning trade because the more obvious the pin bar, the better chance it has of working out.

Notice in the chart above, there were two very obvious pin bar sell signals at the trading range resistance that lead to significant moves lower into the trading range support.

In the chart below, we can see an obvious pin bar reversal setup formed near a key market resistance level, indicating that a move lower was a strong possibility.

In the chart below, we can see an obvious pin bar reversal setup formed near a key market resistance level, indicating that a move lower was a strong possibility.

Not exact matches

The most obvious stop loss placement on that pin bar would have been just above its high which was also the key resistance through $ 93.65 area.

Now, the obvious problem with these pin bars is that they are against the near - term trend, which was clearly down at the time.

In the daily spot Gold chart below, we can see an obvious fakey with pin bar combo setup formed on October 15th.

The pin bar buy signal from February 27th would have been a very obvious trade since it was rejecting and false - breaking down through the event area and price had bullish momentum behind it at that point.

The pin bar formed right on a very obvious uptrend line that had existed for sometime in the market previously.

• The pin bar itself was obvious and had an obvious upper wick or tail, which showed clear rejection of the 8 day EMA dynamic resistance level.

It's worth noting that prior to the formation of this pin bar, the weekly chart had also formed a very large and obvious bullish pin bar reversal, so we had both time frames in agreement, this is not always necessary but it does add confluence to a setup.

The most obvious stop loss placement on that pin bar would have been just above its high which was also the key resistance through $ 93.65 area.

Whilst this pin bar signal is counter-trend, it is also well - defined / obvious and is showing clear rejection and a false break of 1.5630 support, indicating that a move higher may be on the cards.

Now, after about 4 days went by, a very obvious fakey / pin bar combo setup formed showing rejection of the 8 day EMA support level and implying that price might continue pushing higher in - line with the uptrend.

For example, in the chart below the pin bar is showing rejection of an obvious horizontal resistance level in the market as well as the dynamic resistance between the 8 and 21 day EMAs (red and blue lines).

We can see a good example here of an obvious event - area that formed through $ 1700.00 as price rejected this level multiple times forming well - defined pin bar strategies that subsequently set off significant directional moves.

Then once we got a clear pin bar sell SIGNAL at the intersection of the trend and the level, we had an obvious and high - probability trade entry on our hands...