trading strategy using pin bar candlestick pattern

Trading strategy using pin bar candlestick pattern

PIN BAR CANDLESTICK PATTERNINTRODUCTIONPin bar candlestick pattern aik technical analysis tool hai jo stock market aur forex trading mein istemal kiya jata hai.Ye pattern ek single candlestick se banta hai, jis mein price action ka ek specific setup hota hai. Pin bar candlestick pattern mein candle ka body aur uski tail (ya shadow) ki lengths important hoti hain. DETAILSAgar candle ka tail body se ziada bara hai, aur uska top wick bhi body ke upper side se ziada extend karta hai, to isey bullish pin bar kaha jata hai. Aur agar candle ka tail body se ziada bara hai, aur uska bottom wick bhi body ke lower side se ziada extend karta hai, to isey bearish pin bar kaha jata hai.Ye pattern traders ke liye useful hai kyun ke ye trend reversal ya trend continuation ki indications deta hai. Agar bullish pin bar market mein downtrend ke baad form hota hai, to ye bullish trend ki shuruaat ka signal ho sakta hai. Aur agar bearish pin bar market mein uptrend ke baad form hota hai, to ye bearish trend ki shuruaat ka signal ho sakta hai. TRADING STRATEGYPin Bar candlestick pattern ek aham chart pattern hai jo traders ke liye kafi useful hota hai. Ye pattern candlestick charts par paya jata hai aur iske through traders price action ko analyze kar sakte hain. Pin Bar ek reversal pattern hai jo market ke current trend ke against hota hai.Agar aap Pin Bar candlestick pattern ka trading strategy use karna chahte hain, toh sabse pehle aapko ek Pin Bar candlestick pattern ko identify karna hoga. Is pattern ko identify karne ke liye aapko ek candlestick chart par ek bar (ya candlestick) dekhna hoga jo ek lambi tail aur ek choti body ke sath dikhai deta hai. Tail body se kafi lamba hota hai aur body ke opposite direction me show karta hai. Agar Pin Bar candlestick pattern uptrend ke dauraan dikhai deta hai toh ye bearish reversal signal hai aur traders ko sell karne ki advice deta hai. Aur agar Pin Bar candlestick pattern downtrend ke dauraan dikhai deta hai toh ye bullish reversal signal hai aur traders ko buy karne ki advice deta hai.Jab aap Pin Bar candlestick pattern ko identify kar lete hain, toh aapko stop loss aur profit target set karna hoga. Stop loss aapko wahi jagah set karna hai jahan aapko entry kiya hai aur profit target aapko wahi jagah set karna hai jahan aapko next support ya resistance level milta hai.SUMMARYIs pattern ko confirm karne ke liye traders price action ke saath saath dusri technical indicators ka bhi istemal karte hain.Is trading strategy ko use karne se pehle aapko market ki current trend ka pata hona chahiye. Agar market ke trend ka pata hai toh aap Pin Bar candlestick pattern ka sahi use kar sakte hain aur profits generate kar sakte hain. traders ko chahye k aik sy ziada indicators ko use kr k market ky trends ko achi tarah identify kr k profitable trading kr skty hain.