PIN BAR TRADING STRATEGY | Price Action Analysis

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PIN BAR TRADING STRATEGY | Price Action Analysis

 

when you clearly see you can see that there are two pin bars so we are getting the rejection continuously from the resistance zone so the buyers are in control and after that they try to push the price higher

hi friends welcome to DOinvest.net we are going to see about pin bar what is a pin bar a pin bar pattern consists of One Price bar typically a Candlestick price bar which represents sharp reversal and rejection of the price

means this is the PIN bar this is a bullish pin bar and this is a bearish pin bar so here the bare surface Bears try to push the price down but Bulls are very strong so they try to push the price up so there is a rejection of the price going down

so we got a sharp reversal here so we got a bullish pin bar here the pin bar reversal as it's sometimes called and is defined by a long tail the tail is also referred to as Shadow or the wick 


here in this green candle we can see that this is the body of the candle and this is the this is called the tail or Wick or shadow of the candle the area between

the open and close of the pin bar is called real body the open and close of the candle is called the real body and this green area this is called the real small bodies comparison to the long

tails so here for the pin bar the Tails will be long tails will be long compared to the body of the candle now next we

can see what are the two different types of pin bars and how can we trade using the pin bar

what are the two types of pin bar they are bullish pin Bar And the bearish pin bar so bullish pin bar shows the rejection of the lower prices this is how the bullish pin barbell looks like okay the color doesn't matter it can be red or green in color

the lower Beaker of the pin bar candle shows the Bears were in control earlier but was eventually overcome by the Bulls here this candle you can see that here

this is the wick of the candle and this is a body of the candle the lower big

the lower Wick shows the Bears are in control earlier but what happened the Bears try to push the price down what happens is Bulls took the control and they moved the price up so this is the bullish pin bar next we can see 


what is bearish pin bar

shows the rejection of the higher prices so this is how the bearish pin bar will looks like okay this is the weak and this is the

body of the candle the upper which shows the boots were in control earlier this

is the upper week the upper week shows

that Bulls were in control earlier means

the Bulls tried to push the price up but

what happened after that beers took the

control and moved the price down

okay

pin bar at the support and the

resistance level when trading a pin bar

counter to or against dominant Trend

it's wisely accepted that a Trader

should know the key support and the

resistance level when we see a pin bar

at the support level that is the place

where we have to buy and when we see the

pin bar at the resistance level all the

Traders should know that is a signal for

selling the key levels add extra

weightage to the pin bar so we should

know the support and the resistance

level when we are trading with the pin

bar anytime you see a point in the

market where price initiated a

significant move either up or down we

have to watch it very carefully

when you see here the prices

falling right and here we have the major

support

this is the major support Zone you can

see here

right and at the support Zone we got the

pin bar this green candle is called the

pin bar means Bulls beers are in control

they are trying to push the price down

continuously down at some point here

also we got one green candle the pin bar

we got okay this green candle so what

happened viewers are trying to push the

price down so Bulls came in Bulls came

there and they took the control

this took the control and tried to push

the price up so how to trade with the

pin bar so in order to know that we have

to know the support and the resistance

zone so here here we have the major

support sort so the price is

continuously falling so every one word

they will do they will try to sell so as

a professional Trader what we have to do

when we get the pin bar at the support

Zone there is the place we have we have

to look for buy so where we have to buy

is exactly above the

above the pin bar we have to look for

buy entry here so this is the place

where we have to buy look for Buy

Star Plus again remains a low of this

pin bar candle

low of the green candle

okay the time frame you can choose any

time frame according to the which type

of Trader you are here this is Nifty

chart one hour time frame okay

next we can see the pin bar at the

resistance Zone when you see here the

price is in uptrend means price is

moving up so in order to look for

selling opportunity we have to look for

the pill bar at the resistance zone so

here the price reached to the major

resistance Zone this is this Zone okay

so when you see

when you see here we got the

bearish pin bar so we have to look for

selling below the Zone below this uh low

of the uh red candle

when you clearly see you can see that

there are two pin bars so we are getting

the rejection continuously from the

resistance zone so the buyers are in

control and after that they try to push

the price higher and higher so Bears

took the control here and they try to

push the price down so always you can

look for selling opportunity below the

low of this red candle red and the green

candle because we got two Thin bars here

bearish pin bar so one can enter into

the short rate below the low low of the

candle and stop loss is high of the pin

bar

here is the Stop Plus

this is the stop loss

okay so this is the five minutes time

frame chart Tata Motors

this is the Reliance one hour time frame

chart so if you want to trade with the

pin bar the better time frame you can go

is one hour four hour and daily time

frame chart here when you see that the

prices

falling okay at the support Zone we can

see that we got the pin bar this green

candle so where we have to buy is above

this green candle we can look for buying

stop loss is low of this green candle

here this is a support Zone what happens

the prices continuously like console

dating here

the supports our price was in

consolidation zone for longer time

period what happens the sellers are

trying to push the price down buyers

took the control here and they try to

push the price up

they try to push the price up and from

here you can see that the price moved up

we got a continuous rally upside

right the major points you have to

consider when you are trading with the

pin bar pin bars basically show a

reversal in the market so they are very

good tool for predicting the near term

sometimes long term to direction of the

market also they often Mark the major

tops of Bottoms in the market not every

pin bar is going to be one worth trading

the best ones occur in the strong Trend

after the retrace to the support or

resistance within the trend or form a

key chart level of the support or the

resistance as a beginner keep your eyes

peeled for your daily time frame chart

pin bars at 4 hours of

one hour time frame as they seem to be

most accurated profitable this is the

Bajaj Finance one hour time frame chart

so when you see here the price is in a

downtrend that is the sellers are in

control bears are in control and at some

point of time at the support Zone we got

the bullish pin bar here along with the

bullish pin bar we got the doji also so

here pull pin bar plus inside bar so we

got the two Candlestick patterns this is

a very potent price action trading okay

so where we have to go along is above

this green candle is a place we can go

for long entry

okay above this green candle is an entry

for us to enter into the long trade stop

loss is a low of the green candle

so here we got two Candlestick pattern

one is how to trade with the inside bar

and also the pin bar so we got double

confirmation for us to enter into the

long trade

all right

so we got a nice up move after the pin

bar

this is the htfc bank 15 minutes time

frame chart here the prices

in a downtrend

and at the support Zone we got the

bullish pin bar means buyers took the

control here they didn't allow the price

to move further down so we can see from

here how the price is moving whether

price is coming below the pin bar or

price is going above the pin bar

so one can enter into the long trade

above this green candle okay stop loss

will be low of the green candle so the

price is moving above the pin bar so one

can enter into the long trade and you

can book the profits according to your

risk reward ratio

the prices

continuously moving

in an uptrend

okay

so we got a very nice trade after we

enter into the bullish pin bar


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