Hi Traders ! This Is Nouman Malik , After a huge drop of Gbp/usd . its exactly respecting the support area by showing a pin bar on weekly candle . i hope to see a push to the trendline before the next step .
Traders tend to make a lot of errors identifying pin bars. The one represented here isn't one.
A true pin bar needs to have 1)a wick 3 times the length of it's body; 2) open and close within previous candle 3) the pin bar should be surrounded by candlesticks with long wicks.
A true pin bar needs to have 1)a wick 3 times the length of it's body; 2) open and close within previous candle 3) the pin bar should be surrounded by candlesticks with long wicks.