The pin bar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected. The pin bar itself is a bar with a long upper or lower wick and a much smaller body.
In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows rejection of lower prices or a level of support. This setup very often leads to a rise in price.
In a bearish pin bar reversal setup, the pin bar’s tail points up because it shows rejection of higher prices or a level of resistance. This setup very often leads to a drop in price.
Easy Pinbar provides a comprehensive dashboard that allows you to view the formation of Pinbar on multiple instruments across 6 timeframes (M5, M15, M30, H1, H4, D1) at one glance. In this way, you do not miss out any trading opportunities even on the go.
Below are some of the key features of the app.
- Timely display of Pinbar formation on multiple instruments (Forex, Commodities and Cryptocurrencies) across 6 timeframes (M5, M15, and M30 are only available for subscribers on the watch list),
- Timely push notification alert when Pinbar is formed on your favourite instruments on your watch list,
- Display headline news of your favourite instruments,
- Economic Calendar of upcoming events
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy Pinbar Premium. This subscription removes all advertisements within the app, allows you to view all timeframes (including M5, M15, M30) and supports our development of future enhancements.
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