Daily Pin Bar With Low-Risk High-Reward Forex Swing Trading Strategy

0
768

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.

  1. Identify a pin bar
  2. To trade a pin bar with minimal risk, wait for a retracement to the 50% Fib Level and then enter your trade.
  3. 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.

Recommended MT4 Brokers

XM Broker

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

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here