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.

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