Last updated:
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.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link