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Daily Pin Bar With Low-Risk High-Reward Forex Swing Trading Strategy
You will notice that whenever the market will have a pin bar, it can create big moves most of the time. On that pin bar candlestick, you have made a huge profit as the market will either go up or down nicely. But there’s a little trick where you can trade the daily pin bar with little risk.
- Identify a pin bar
- To trade a pin bar with minimal risk, wait for a retracement to the 50% Fib Level and then enter your trade.
- Place sell limit pending order.
Advantages:
- A pin bar candlestick can be very effective when you identify it on the support or resistance area.
- This technique can reduce the huge stop loss distance.
- It minimizes risk and getting in on a better price with the use of a sell limit order.
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