Liquidity Hunt Pattern Uncover Hidden Opportunities in the Market Introduction: The Liquidity Hunt Pattern is a powerful technical analysis tool that helps traders identify potential turning points in the market. By understanding how this pattern forms and its implications, traders can gain an edge in uncovering hidden opportunities and making informed...
The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell...
The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell us...
These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles! If you identify any of these in a chart you are looking at today, feel free to share them below. Here is a little more about bullish and bearish candlesticks: Bullish and...
Hello everyone! Today we will discuss JAPANESE CANDLES! Let's try to understand what they mean and how to use this information in your trading. LET'S GO! Bullish and Bearish PIN BAR A bullish pin bar is a candle with a long shadow, the body of which is located at the top of the candle. Such a candle was formed under the pressure of sellers who were able...
Trade Ascending Parallel Channel With 3 Points + Pivot Point Indicator Connect your three points using the parallel channel. First, connect two points which are your higher lows. Next, connect the third point which is the swing high. The swing high is the higher high. In this example, a pin bar formed at the higher low. Pin Bar wick touches pivot point level...
Price pulled back to pivot point level 0.67. Price retraced 50%. Pin Bar candlestick formed at 50% retracement. Open Price and Close Price is "near" 50% retracement level as well at the pivot point level. Candlestick wick protrudes through the pivot point level and retracement level. This is an ideal condition to enter a trade position using pivot point...
The pin bar pattern is one of the best signals on any market for predicting the next move. But should you trust all pin bars? In my humble opinion, NO, and I’m explaining this idea below and the approach I take to distinguish valid pin bars from invalid ones. I suppose you already know what is a pin bar, so I’ll not explain its basic details here. If you don’t...
There are a large number of technical analysis figures, there are many different patterns, but as you know, they do not work 100% of the time. No matter what you trade, you should always pay attention to the market context and the pin bar is no exception. Pin bar is a very profitable pattern, provided that you trade it correctly. Beginners often make mistakes...
Identify a trend. Draw horizontal key level. Wait for a pin bar to form in a pull back to the horizontal key level. Enter at close price of pin bar. Trend: Up Level: Horizontal, EMA 10, EMA 20 Signal: Pin Bar Charts
Entry is 4013.39 Exit at 4065.64 Reward:Risk is 2.6R Reward = 5225 USD Risk = 2009 USD Strategy is to enter at closing price of a pin bar (rejection candlestick) when the pin bar wick intersects the EMA 10 and EMA 20 in an uptrend.
Pin Bar Is Present On The H2, H3, and H4 Chart. This is a strong indication of a bull market. When this chart pattern occurs, look to enter long positions. Trend: Up Level: EMA 10 Level, EMA 20 Level, Horizontal Level Signal: Pin Bar Trade with multiple factors in your favor. In a bull market, look for pin bars, rejection candlesticks, EMA 10 above EMA...
The confluence is: 1) Gap at 267.76 2) Trend Line 3) EMA 10 4) EMA 20 5) Pin Bar Entry is at the closing price of the candlestick in the form of a Pin Bar. Pin Bar formed at EMA 10, EMA 20, Trend Line, and Gap.
Wait For The Close Above the Neckline at Horizontal Level 24.07952. After the close above level; resistance level turned support. Wait For The Retest Of The Neckline At 24.07952. Watch For A Pin Bar or Rejection Candlestick to form at the horizontal neckline. Enter Trade At The Closing Price Of Pin Bar or Rejection Candlestick. Set Target Price Using...
Trading The Ascending Triangle Wait For The Close Above The Horizontal Level Wait For The Retest in the form of a pin bar or rejection candlestick. Enter At The Close Price of Pin Bar or Rejection Candlestick Exit At The Measured Objective of Pattern. The Height of Pattern is 592.
After the Pin Bar Formed At The EMA 10 EMA 20, Do The Following Actions Draw Your Fibonacci Retracement Levels Draw Horizontal Support Levels Enter At Pin Bar Close Price Exit At The Previous Swing Low Level The attributes that made this a quality Pin Bar: Pin Bar Close Price is in the Fibonacci Retracement 50% and 38.2% Range Area Pin Bar Close Price is in the...
This pin bar is in a pull back. The horizontal level was broken and the horizontal level was retested with a pin bar candlestick. In this case, the pin bar tail intersects the EMA 10 and horizontal support level. Price closed above the horizontal level. Entry for this strategy is at the pin bar close. The Target is the previous swing high.
Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price...