Trading Education. Pinbar means nothing

Euro Fx/British PoundFXCM

Description

⋅ Feb 10, 2017 7:15 AM

We have a Pinbar formed on eurgbp.

Lets look into the content of pinbar .

A single pinbar does not signifies trend reversal

Comment

⋅ Feb 10, 2017 7:17 AM

We have a lower low and lower high trend at the moment.

A significant break of pinbar high equates to higher high which validates the first rule for longs