Pinbar and Bollinger Band Forex Chart Patterns Strategy

0
682

Pinbar and Bollinger Band Forex Chart Patterns Strategy

This chart pattern strategy work on a 4 hour chart and applicable to all pairs that there is high volatility and daily pips range.

Forex Indicators:

  • Bollinger Bands (20, 2)
  • Pin Bar
  • Jma Starlight (2, 3)
  • 5 EMA

Long Entry:

  • Pin Bar must touch lower band of the BB.
  • Buy when JMA Starlight cross up 5 EMA.

Short Entry:

  • Pin Bar must touch upper of the BB.
  • Buy when JMA Starlight cross down 5EMA.

Enter in the market only if the pin bar touches the upper band or lower.

Stop Loss:

  • for buy 5 pips below the lower bands
  • for sell 5 pips above the upper band.

Profit Target 35-60 pips depends by currency pairs.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here