• The shadow or tail of the pin bar sticks out (protrudes) in the bordering price bars, the lengthier the tail in the pin bar the higher.
EUR/USD has moved noticeably increased during the US session now. Some rumors about Italy lowering the deficit for up coming calendar year are pushing it...
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When pin bars variety at the highest or base of a consolidating market place which is having a breather right after a sizable directional movement they're able to typically signal development resumption is in close proximity to. During the daily chart of USD/CAD underneath we can easily see several pin bars shaped at the very best of a variety bound market place that was most not too long ago in a considerable down development.
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