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How to trade using Pin bar candlestick pattern ? – Quick guide

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In this article, I am going to talk about one of the most powerful strategies also known Jackpot strategy in India i.e Pinbar  CandlestickStrategy.

If you are a trader you must have heard about pinbar candle a lot of times because it’s really popular and powerful.

What is Pin bar Candle?

Pinbar Candle is a single candlestick pattern that represents a sharp reversal and rejection of price.

Pinbar Characteristics:

  • Long Tail
  • Colour is not that important
  • Price rejection is the real key

There are basically two types of Pinbar candles:

  • Bullish Pinbar
  • Bearish Pinbar

What is a Bullish Pin bar?

The bullish Pin bar is a candlestick pattern that appears mostly after a long series of bearish Candle.

Bullish Pin bar indicates that the time for sellers in domination is about to over and buyers are trying their hard and we may see a change in market domination.

What is Bearish Pin bar?

The Bearish Pin bar is a candlestick pattern that appears mostly after a long series of bullish Candle.

Bearish Pin bar indicates that the time for buyers in domination is about to over and sellers are trying their hard and we may see a change in market domination.

Pin bar Candlestick Strategy

Well, Pin bar Candlestick Strategy is really basic but really powerful.

The golden rule of Pinbar says:

 

If we see a continuous Bullish trend and suddenly a bullish pin bar candle appears it means we may see a trend reversal therefore, here we should go SELL trade.

 

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Similarly, If we see a continuous Bearish trend and suddenly a bullish pin bar candle appears it means we may see a trend reversal therefore, here we should go BUY trade.

 

Winding Up:

So, this is the end of this article I hope you have found this article helpful.

This article was all about What is Pin bar Candle?, Pin bar Candlestick Strategy, What is a Bullish Pin bar?, What is Bearish Pin bar?

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