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SHOOTING STAR &
HAMMER
CANDLESTICK
TRADING
Forex Tips & Trading Strategy ForYou
Disclaimer
This Document is for educational purpose only.
By viewing this you agree that it is general educational material and you will not
hold anybody responsible for loss resulting from the content provided by
pipsumo website.
Forex currency trading have large potential rewards but also large potential risk.
Don’t put your Money that you can’t afford to loose.
WHAT IS PINBAR?
Candlestick Reversal Signal
Pinbar shows rejection on the
market.
Shooting Star (Bearish)
Hammer (Bullish)
PINBAR CHARACTERISTIC
Pinbar should have the long tail
(wick,or shadow)
Body Candlestick are small.
Open and close candle are near at the end of
the candlestick.
The longer the tail or the shadow the better.
It indicates the pressure from the opposite
site.
SHOOTING STAR
SHOOTING STAR ANATOMY
The Longer the shadow the stronger pressure from the seller.
HAMMER
HAMMER ANATOMY
The longer the shadow, the stronger the pressure from buyer
PINBAR IN A CHART
PINBAR TRADING
Time Frame H1 and H4
Pair : Major Pair
(EURUSD, GBPUSD,AUDUSD,NZDUSD,USDJPY)
ENTRY SHOOTING STAR
Entry Sell
Stop Loss
SHOOTING STAR LIMIT ENTRY
50% of the shadow
Entry Sell Limit
Stop Loss
ENTRY HAMMER
Entry Buy
Stop Loss
HAMMER LIMIT ENTRY
50% of the shadow
Entry Buy Limit
Stop Loss
PINBAR TRADING
Time Frame H1 and H4
Pair : Major Pair
(EURUSD, GBPUSD,AUDUSD,NZDUSD,USDJPY)
STEP TO TRADE PINBAR
1.Determine Market Trend
2.Wait for the pinbar candlestick to
complete
3.Set pending order.
3. Entry buy.
Win 140pips!!
1. Market
Trending
Uptrend
2. Hammer
Click Here
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Pinbar candlestick trading ebook