asiaforexmentor Posted July 9, 2012 Share Posted July 9, 2012 Forex Trading Question I Would like to share with you guys one of the questions i received in regards to a forex trade. Forex Pair: Usd Jpy Question: can u please tell me how to over come a situation like (See Chart above).. its really looking a great pin but it didn’t triggered, and it is also with trend.. the trade reached the stop loss and now its again returning to normal. can u please tell me to how to understand a situation like that? Answer: Price is making a higher lows and higher highs as highlighted by the red circles. It means the trend is changing and is possibly heading up. So what happens now is that, you are not trading with the trend but against it. Its a can be a short term trend shift movement. The forex price action pin bar formed because price shot up and hit the price pivot (white Line), in which price will naturally find resistance and head back down, resulting in the pin bar. Therefore, we would not have taken this forex pin bar on such circumstances. I hope you guys learned something from a simple forex trading scenario. See you on the other side my friend, Ezekiel Chew Asia's #1 Forex Mentor Quote Link to comment Share on other sites More sharing options...
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