Pin Bar Price Action Forex Strategy

Free Pin Bar Price Action Forex Strategy .This strategy depends on the Pin Bar pattern without any indicators. This strategy is one of the best forex strategies.

What is Pin Bar candlestick pattern ? :

A Pin Bar is a candlestick pattern where the body of the candlestick is very small and wick is very long . We have two types of Pin Bars , Bullish Pin Bar and Bearish Pin Bar. A Bullish pin Bar is represented by a small body at the top and a long wick below, this indicates that price was sold down by the bears and then immediately bought straight back up by the Bulls. In a perfect world the close is above the open for a bullish pattern and no wick at the top of the body. The opposite of this is true for a bearish pin bar pattern.

Preferred pairs : All Major Pairs .
Preferred time frame : 1H & 4H and daily chart.

Buying And Selling Rules :

Buy When ↓

locate support area on the forex chart.
look for a Bullish Pin Bar near the support area.
go long after pin bar has formed.

Bullish-Pin-Bar-Price-Action-Forex-Strategy

Sell When ↓

locate resistance area on the forex chart.
look for a bearish Pin Bar near the resistance area.
go short after pin bar has formed.

Bearish-Pin-Bar-Price-Action-Forex-Strategy

Take Profit And Stop Loss Rules :

Take profit : your TP should be greater the SL 3 Times .
Stop loss : Place your stop under/above the wick .

Special Notes:

-This is Price Action Forex Strategy based on pin bar pattern.
-You should locate the strong support & resistance area , then look for a pin bar pattern.

Please feel free to share your opinion and experience which can help others to understand the strategy.

Pin Bar Price Action Forex Strategy