Forex Price Action Daily Chart Strategy

Brief Explanation

  • Locate support and resistance levels on the forex chart
  • Look for pin bars at resistance highs and support lows
  • Go long at support levels after a pin bar has formed
  • Go short at resistance levels after a pin bar has formed
  • Enter a trade at the halfway point of the pin bar
  • Place stop loss above the pin bar
  • Risk to reward: 3 to 1

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