This video covers a live trade that was played by Johnathon on the USDCAD daily chart. The Price Action trade was a clear and obvious Pin Bar reversal. The Pin Bar formed at logical resistance and was also rejecting the very big round number of 1.000. This trade setup was covered in depth the Members Only Forum.
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Does a pin bar have to close in the direction that it is signalling?
for example, if it is a bearish pin bar, does the candle have to close down (red for example) or can it close up (blue) as long as the other properties of the candle are met?
Hope that makes sense.
Johnathon Fox says
no. As long as it meets all the basic critirea of a pin bar i,e open & close within previous candle, sticking out and away etc, etc, then it does not matter where the close it.
hey john, if pin bar I change with a doji does this work?
sory my english is bad