Jun 29 2011 – Trading with Reversal Pinbar

As you all know. The way I trade currency is using technical analysis. I know that there are many people out there that has been using fundamental analysis to decide on their trade. And this is what works for me and allow me to share some bit of information about technical analysis that might help you improve your trading.

Please see the image below.

I would like to introduce you to a reversal pinbar called engulfing pattern. It is a bar that “Engulfs” the previous bar indicating the end of the trend.

As you can see, I took the trade once I saw the engulfing bar pattern and placed my stop loss above the previous high.