Pin Bar Trading Strategy
Pin Bars are one of the most powerful tools a trader can have in their price action arsenal. They form very regularly and can be found across all time frames. A pin bar is a candlestick pattern that has a long wick and small body.
Pin Bar Characteristics
Wick must be 3 times as big as the bodyWick must be larger than the previous bars and stick out from the rest
Body must be on one end of the wick, not in the middle
Price has to close within the previous candles high or low
The Smaller the body the better, the bigger the wick the better
In the following daily chart we can see an ideal pin bar formation that resulted in a serious move and trend reversal. Start trading with free demo 1000 usd https://iqoption.com/promo/binary-options_en/?aff=21262
No comments:
Post a Comment