Forex Strategies using Price Action Setups with Moving Averages Indicator

One of the forex strategies using price action patterns is use of Pin Bar. A pin-bar is a reversal price action setup on chart which portrays an obvious change in market sentiment during that period.

This pin bar price action strategy is a candle that has a long tail with the closing price near the open.

The pin-bar candlestick price action setup looks like a pin thus the name Pin Bar - occurs after an extended move up or down.

How to Trade Forex Price Action Setup with Moving Averages Indicator

Pin bar pattern setup price action reversal signal is confirmed after price closes below the candlestick that precedes this price action setup.

The forex pin bar price action pattern example below is confirmed after the price closes below the blue candlestick that preceded this price action pin bar setup.

How to Trade Forex Price Action Setup with Moving Averages Price Action Setups Indicator

Combining Pin Bar Forex Price Action Setup with Moving Averages:

Pin bar price action reversal set-up can be combined with other price action patterns technical indicators which can be used together with this price action reversal set-up to generate buy or sell trades.

Combining Pin Bar Forex Price Action Setup with Moving Average Indicator