What is Pin Bar? Important features of Pin Bar candlestick<\/h2>\n
Pin Bar is seen as a form of candlestick shaped similar to a pin. It is easy to understand that the Pin Bar is a candle with a long tail and short body. The real body of the candlestick is tilted towards one side (top or bottom) of the candle.<\/p>\n Including 3 parts:<\/p>\n Candlestick tail (candlestick shadow) is very long. The length of the tail is proportional to the accuracy of Pin Bar pattern. Moreover, it makes a difference compared to other candlesticks.<\/p>\n Candlestick body is short, lying all the way to the top or bottom of the candle.<\/p>\n Candlestick nose is short or absent.<\/p>\n Bullish Pin Bar has the tail pointing down and the body pointing up.<\/p>\n Bearish Pin Bar has the tail pointing up and the body pointing down.<\/p>\n Pin bar candlestick is a signal of price action at a specific time. After opening, the price will move in a certain direction then reverse to the opposite direction.<\/p>\n Fast and decisive changes in a candle time period tell you exactly what the market wants. From there, you can predict the price in the future.<\/p>\n Visually, these candlesticks are the same. Bearish Pin Bar = Shooting Star. Bullish Pin Bar = Hammer. But in terms of meaning, Pin Bar is more complete.<\/p>\n Shooting Star and Hammer are two candlesticks that appear at the end of an uptrend. They are classified as a trend reversal candlestick pattern. Pin Bar is a single candlestick. Its appearance sometimes signals a continuation of the trend.<\/p>\n There are many ways to use Pin Bar to trade in IQ Option. And we will use Pin Bar as a signal candlestick.<\/p>\n The meaning of icons in the picture<\/strong><\/p>\n Lamp icon is a signal to open a trade (option).<\/p>\n The green arrow icon is to open a Higher option when the signal has just ended.<\/p>\n The red arrow icon is to open a Lower option.<\/p>\n This is a reversal trade that bets on the color of the next candlestick (immediately after the signal Pin Bar). Green = HIGHER. Red = LOWER.<\/p>\n Requirements:<\/strong> Japanese 5-minute candlestick chart + Bollinger Bands indicator<\/a>. The expiration time is 5 minutes. If you do not know how to trade IQ Option with candlestick colors, please read this article carefully. How to trade with candlestick colors in IQ Option platform<\/a>.<\/p>\n Trading technique:<\/strong><\/p>\n HIGHER (bet the next candlestick green) = Bullish Pin Bar candlestick is created outside the lower Band<\/span>. Remember that the whole Pin Bar candlestick closes outside the Bollinger Bands completely.<\/p>\n Explanation:<\/strong> When the price moves out of the lower Bollinger Bands, it tends to reverse and bounce back. Combine with a bullish candlestick (Bullish Pin Bar) => The probability that a next green candlestick will appear is high.<\/p>\n LOWER (bet the next candlestick red) = Bearish Pin Bar candlestick is created outside the upper Band<\/span>.<\/p>\n Explanation:<\/strong> When the price goes above the upper Bollinger Bands, it tends to reverse. Combine with a bearish candlestick (Bearish Pin Bar) => buy a Lower option, which bet on the next red candlestick.<\/p>\n This is a technique that has a high winning rate. Because it gives the best entry point. Identify price trend > Find signal entry points (Pin Bar).<\/p>\n Requirements:<\/strong> Japanese 5-minute candlestick pattern + SMA30 indicator<\/a>. The expiration time is 15 minutes or more.<\/p>\n Trading technique:<\/strong><\/p>\n HIGHER = Uptrend + SMA30 + Bullish Pin Bar<\/span><\/p>\n Explain: when the market is in an uptrend, the price is above SMA30. If it touches SMA30 indicator and creates a Pin Bar => The probability that it continues to increase is high. Open a HIGHER option.<\/p>\n LOWER = Downtrend + SMA30 + Bearish Pin Bar<\/span><\/p>\n Explain:<\/strong> when the market is in a downtrend, the price is below SMA30. If it touches SMA30 indicator and creates a Pin Bar => The probability that it will fall back to continue the downtrend is high => Buy a LOWER option.<\/p>\n Pin Bar is similar to Shooting Star and Hammer candlestick pattern. You can open reversal trades when Pin Bar appears. See more in the below articles.<\/p>\n – How to trade with Hammer candlestick in IQ Option<\/a><\/p>\n![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/what-is-pin-bar-1.jpg\")
Features of Pin Bar<\/h3>\n
Pinbar includes 2 types<\/h3>\n
![\"Pin](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/pin-bar-candlestick-types.jpg\")
Why is Pin bar candlestick so important?<\/h3>\n
Differentiate Pin bar from Hammer or Shooting Star candlesticks<\/h3>\n
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/differentiate-pin-bar-from-hammer-or-shooting-star-candlesticks.jpg\")
How to trade with Pin Bar candles in IQ Option<\/h2>\n
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/the-meaning-of-icons-in-the-picture-1.jpg\"){kind=icon}
Technique 1: Trade with candlestick colors and Pin Bar in IQ Option<\/h3>\n
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/trade-with-candlestick-colors-and-pin-bar-in-iq-option.jpg\")
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/trade-with-candlestick-colors-and-pin-bar-in-iq-option-1.jpg\")
Technique 2: Trading with Pin Bar candlestick and trend<\/h3>\n
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/trading-with-pin-bar-candlestick-and-trend.jpg\")
![\"Trading](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/trading-with-pin-bar-candlestick-and-trend-1.jpg\")
Technique 3: Trade as a reversal candlestick pattern<\/h3>\n
![\"\"](\"https:\/\/iqtradingpro.com\/wp-content\/uploads\/2019\/11\/pin-bar-candlestick-in-combination-with-support-level.jpg\")