19# Pin Bar with Supporte and Resistance Forex Trading System

Submit by joy22

Time Frame 4H or Higher, Best Time Frame Weekly.

Currency Pairs: all.

Indicators:

Pin Bar

for 4H Time Frame: Weekly pivot TZ

for Daily and Weekly KG Supporte and Resistance

Once we have found a nice pin bar we have to see if the price is also close or touching one of the following.

• Support level

• Resistance level

If you have been keeping an eye on the pairs for more than a week then you will already have marked out all the possible support and resistance levels and have a good idea what’s going on long before a entry is formed.

Let's look at a couple of charts using support and resistance along with pin bars

The Entry is:

Buy entry order 50% Pin bar;

Sell entry order 50% Pin bar.

Stop loss 7 pips above or below pin bar.

Target Profit Ratio 1/5, if stop loss is 50 pips profit target is 75 pips.

Share your opinion, can help everyone to understand the forex strategy.

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