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16.10.2019 08:41 AM
EURUSD – Pin bar in the trend

Good morning, dear traders! I present to your attention a trading idea for the EURUSD pair based on the "Price Action" method"

So, yesterday, October 16, the daily bar on the EURUSD pair closed with a pattern called "Pin bar in trend", which you can see on the screen below. This is a clean and high-quality signal to buy any asset, which symbolizes the continuation, in this case, the bullish trend.

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Please note that before the formation of this setup on TF D1, the so-called "Provocation on the mirror" is a rather rare, but high-quality signal for intraday traders and it looks on the screen above the arrow on the mirror level. This is a strong factor in confirming the correctness of the chosen direction.

I recommend taking long positions with a target of 1.10635 and 1.10744, respectively.

Good luck with trading and follow the rules!

Andrey Shevchenko,
Analytical expert of InstaForex
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