DISCUSS THE PREFERENCE OF PIN BAR IN FOREX TRADING
Pin Bar ek mashhoor candlestick pattern hai jo traders ko market ke possible reversals ko pehchanne mein madad karta hai. Pin Bar short form hai "Pinocchio Bar" ka, jo ek lambi nose wali candlestick hoti hai. Is pattern ka istemal forex trading mein kafi aam hai kyunki ye traders ko nashonuma (momentum) aur market sentiment ki mukhtalif insights deta hai.
IDENTIFICATION OF PIN BAR
Pin Bar ek specific tarah ki candlestick hai jo typically ek chhoti body aur ek lambi wick (shadow) se pehchani jati hai. Ye lambi wick market mein rejection ya significant push back ko indicate karta hai. Pin Bar ki teen basic characteristics hain. Wick candlestick ki total length ka kam az kam 2/3 hissa hoti hai, jo price rejection ko zahir karta hai. Body relatively chhoti hoti hai aur ideally wick ke opposite end par hoti hai. Doosri side par chhoti ya bilkul bhi koi wick nahi hoti, jo keya jata hai ke price ek specific direction mein push back mila hai.
TYPES OF PIN BARS
BULLISH PIN BAR
Jab lower wick lambi hoti hai aur upper body chhoti hoti hai, ye bullish reversal indicate karta hai. Ye aksar bearish trend ke end par form hota hai, jahan price ne ek low touch kiya aur phir close higher hua.
BEARISH PIN BAR
Jab upper wick lambi hoti hai aur lower body chhoti hoti hai, ye bearish reversal indicate karta hai. Ye bullish trend ke end par form hota hai, jahan price ek high ko touch kar ke neeche close hota hai.
PIN BAR TRADING STRATEGY
Pin Bar ke complete hone ke baad, traders ko entry leni chahiye. Bullish Pin Bar ke liye buy order aur bearish Pin Bar ke liye sell order.
Stop loss order wick ke end ke just beyond set kiya jata hai taake unexpected price movement se protect kiya ja sake. Profit target aksar nearby support ya resistance levels par set kiya jata hai, ya phir traders Fibonacci retracement levels ka istemal kar sakte hain.
Pin Bar ek mashhoor candlestick pattern hai jo traders ko market ke possible reversals ko pehchanne mein madad karta hai. Pin Bar short form hai "Pinocchio Bar" ka, jo ek lambi nose wali candlestick hoti hai. Is pattern ka istemal forex trading mein kafi aam hai kyunki ye traders ko nashonuma (momentum) aur market sentiment ki mukhtalif insights deta hai.
IDENTIFICATION OF PIN BAR
Pin Bar ek specific tarah ki candlestick hai jo typically ek chhoti body aur ek lambi wick (shadow) se pehchani jati hai. Ye lambi wick market mein rejection ya significant push back ko indicate karta hai. Pin Bar ki teen basic characteristics hain. Wick candlestick ki total length ka kam az kam 2/3 hissa hoti hai, jo price rejection ko zahir karta hai. Body relatively chhoti hoti hai aur ideally wick ke opposite end par hoti hai. Doosri side par chhoti ya bilkul bhi koi wick nahi hoti, jo keya jata hai ke price ek specific direction mein push back mila hai.
TYPES OF PIN BARS
BULLISH PIN BAR
Jab lower wick lambi hoti hai aur upper body chhoti hoti hai, ye bullish reversal indicate karta hai. Ye aksar bearish trend ke end par form hota hai, jahan price ne ek low touch kiya aur phir close higher hua.
BEARISH PIN BAR
Jab upper wick lambi hoti hai aur lower body chhoti hoti hai, ye bearish reversal indicate karta hai. Ye bullish trend ke end par form hota hai, jahan price ek high ko touch kar ke neeche close hota hai.
PIN BAR TRADING STRATEGY
Pin Bar ke complete hone ke baad, traders ko entry leni chahiye. Bullish Pin Bar ke liye buy order aur bearish Pin Bar ke liye sell order.
Stop loss order wick ke end ke just beyond set kiya jata hai taake unexpected price movement se protect kiya ja sake. Profit target aksar nearby support ya resistance levels par set kiya jata hai, ya phir traders Fibonacci retracement levels ka istemal kar sakte hain.
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