explain bearish pin bar candlestick pattern

Explain Bearish pin bar candlestick pattern

Bearish pin bar candlestick pattern Assalam o Alaikum dear forex friends Bearish pin bar candlestick kisi bhi range ki single session candlestick hoti hai, jo aik up-trend ke bilkul upar zahir hoti hai. Ye candle prices k top par aik strong resistance level banati hai, jiss k bad market main bearish active hona shuro ho jate hen. Ye candle trend reversal ki nishan-dahi karta hai, candle k real body k upper shadow aik ishara hai, keh buyers ne prices ko ooper le jane ki koshish ki, lekin din k ikhtetam k baad wo nakaam ho jate hen. Kuch chartists ke mutabiq, bearish pin bar ko pechle session ke end ke waqfay ke sath bhi paish kya jana chahiye. Bearish pin bar ka upri saya is ke real body ki lambai se kam az kam dugna hona chahiy, Bearish pin bar candlestick pattern Trading Strategy Dear felloes Bearish pin bar candlestick dekhny main doosre candles ke jaisi dikhti hai, lekin prices k top par ya bullish trend main banny ki wajah se aik strong bearish trend reversal ka kam karti hai. Candle prices ko upper side par reject karti hai, jiss se maojoda trend badal jata hai. Ye aik single candle pattern hai, jiss ki formation darjazzel tarah se hoti hai Bearish Pin*Bar Candle:*Bearish pin bar candlestick aik small real body wali candle hai, jiss k upper side par aik long shadow hota hai. Candle ka shadow candle k real body ka dungna ya uss se bhi ziada hota hai. Jab k candle k lower side par koi shadow nahi hona chaheye, lekin agara banta bhi hai, to bohut ziada large size main nahi hona chaheye, jiss se candle ki formate tabdeel hone ka hadsha ho Bearish pin bar candlestick aik small real body wali single candle pattern hai, jo k upper side par aik lamba shadow ya saya rakhti hai. Candle ka saya hamaisha candle ki real body se ziyada hoti hai. Candle k bany ki pechay ki psychology kuch yon hoti hai, k jab bhi aik session ya aik din k dowran prices pehle upward movement karne k baad wapis apne open price k qareeb a kar close ho jati hai, jiss se candle k upper side par aik lamba shadow ya saya ban jata hai. Ye candle normal price chart par ziada moasar sabit nahi hoti hai, lekin candle ka trend k top par high price area main banne par bearish trend reversal ka kaam karti hai.

BEARISH PIN BAR CANDLESTICK INTRODUCTION Bearish pin bar candlestick is a significant candlestick pattern used in forex trading. It is a type of price action pattern that indicates a potential reversal of an uptrend, signaling a possible downtrend. UNDERSTANDING BEARISH PIN BAR CANDLESTICK A bearish pin bar consists of three main parts: 1. OPEN AND CLOSE PRICES The open and close prices are represented by the body of the candlestick. In a bearish pin bar, the close price is lower than the open price, forming a bearish (falling) body. 2. UPPER SHADOW The upper shadow is the thin line extending above the body of the candlestick. It represents the highest price reached during the time period. 3. LONG LOWER TAIL The long lower tail is the extended line below the body of the candlestick. It indicates that price temporarily moved lower but was rejected, closing higher by the end of the time period. SIGNIFICANCE AND INTERPRETATION A bearish pin bar suggests potential selling pressure and a possible reversal in the market trend. It's a signal that bears (sellers) are gaining strength, and there might be a shift from an uptrend to a downtrend. Traders often look for this pattern near resistance levels, trendlines, or after a prolonged uptrend. TRADING STRATEGY When spotting a bearish pin bar, traders often follow these steps: CONFIRMATION Wait for confirmation in the form of a subsequent bearish candle or price action movement that confirms the reversal. This helps reduce false signals. ENTRY POINT Enter a trade when the price moves below the low of the bearish pin bar. This confirms the potential downtrend continuation. STOP LOSS AND TAKE PROFIT Set a stop loss above the high of the pin bar to protect against potential losses if the market moves against the trade. Determine a take profit level based on support areas or price targets.Bearish pin bar candlestick is a valuable tool for forex traders to identify potential trend reversals and plan their trading strategies accordingly. By understanding its components and interpreting its significance, traders can make informed decisions to capitalize on market movements.