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Kolawole Oyeniran July 21, 2018 at ten:forty pm Nial Fuller, you are wonderful, bigger than George Soros,much better than jesse Livermore heavier than Ed seykota , that you are the value motion Emeritus of our time. I read through your short article on pin bar approach and the 2nd working day i observed the pin bar on daily chart ,it arrived in kind of Hammer confluent with help degree with a down trend twenty/07/2018 Gbpusd Daily ,it moves for sraight twelve several hours easily , no pull back from 9am nigerian time , european session till 8pm nigerian time , The big apple session , two hrs right before Ny shut. the pin bar was extremely successful, i didn’t know the inportance right until i examine your article. Thank s.
Samples of “factors of confluence†include things like but are not limited to: powerful help and resistance amounts, Fibonacci fifty% retracement stages, or shifting averages.
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• The pin bar ought to have a long upper or decrease tail…the tail is usually at times known as the “wick†or even the “shadowâ€â€¦all of them necessarily mean exactly the same issue. It’s the “pointy†A part of the pin bar that practically appears like a “tail†Which shows rejection or false crack of the amount.
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During the chart instance below, we've been considering a bearish pin bar provide signal that formed in the context of the down-trending current market and from the confluent spot in the market. The confluence involving the eight / 21 dynamic EMA resistance layer, the horizontal resistance at 1.