Pinbar Trading – Crude Oil – 300 Points jump!

I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart.

If you were to trade this you could take the long at the break of the nose of the pinbar..  so far the price has moved a nice 300 points… big moves like this probably mean a pullback at some stage so one would have taken profits around here.

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Category: Make Me Some Money Ideas, Oil, Spreadbetting, Trading