Pinbar candlestick trading ebook

SHOOTING STAR &
HAMMER
CANDLESTICK
TRADING

Forex Tips & Trading Strategy ForYou
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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 ANATOMY
The Longer the shadow the stronger pressure from the seller.

HAMMER ANATOMY
The longer the shadow, the stronger the pressure from buyer

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

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

Pinbar candlestick trading ebook

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Pinbar candlestick trading ebook