Live Trade – Forex Pin Bar Setups Before FOMC Meeting
['Nial Fuller']
Learn To Trade The Market
We can see the GBPUSD had a large pin bar reversal, two consecutive pin bar reversals in fact. In this video we had a bullish pin bar reversal; this is a candle with a long lower tail that closes well off its low, this one spring boarded higher into the FOMC news release. We had multiple inside bars and then the tail on the candle in discussion probed below the low of the large outside bar’s support level at 68.00 then rejected up higher, a very clean false break setup, I was long on the close of this rejection candle.