Trading by pin bars on binary options. Pin bar binary options

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I use these setups to trade a reversal in the market. I usually take a longer expiry in binary options like 15 min or 20 min.

First of all, what is a pin bar? Look inside the blue box.

Whatsapp Technical analysis by utilizing a price action strategy can be one of the easy and useful methods in trading your binary options. It is said to be easy because the method of observation is simple and does not require any additional indicators, and is fairly useful because it is quite effective to be used as a reference in identifying the direction of the next price movement. Strategy Pin Bar, or also known as Pinocchio Bar, is one of the price action methods that rely on candlesticks. The Pin Bar can be identified from the very long axis of the candlestick that exceeds the body part. The Pin Bar signifies a reversal or reversal, provided that the longer the axis appears, the greater the chance of the reversal.

We have a candle with small or very small body which trading by pin bars on binary options also a very big wick. In this case we have a sign of a possible bearish reversal.

У нее часто возникало чувство, что Стратмор не слишком высокого мнения о Дэвиде и считает, что она могла бы найти себе кого-то поинтереснее, чем простой преподаватель.  - Коммандер, - сказала она, - если вы инструктировали Дэвида сегодня утром по телефону из машины, кто-то мог перехватить… - Один шанс на миллион, - возразил Стратмор, стараясь ее успокоить.  - Подслушивающий должен был находиться в непосредственной близости и точно знать, что надо подслушивать.  - Он положил руку ей на плечо.  - Я никогда не послал бы туда Дэвида, если бы считал, что это связано хоть с малейшей опасностью.

Many times, especially in a high volatility period we have so many candles like this with small body and big wick but the reversal never come. So, I recommend this strategy in ranging markets and near important levels like supports and resistances, whole numbers, Fibonacci retracement etc.

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Why have we this big wick? There is this big wick because the price hit an important level which rejected the price strongly. Personally, I am waiting for the first red or green candle after the reversal as confirmation because many times the price is trying to hit again these important levels after the rejection.

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Look at this chart. The red horizontal line is our resistance. In the first blue box as you can easily see we have a pin bar.

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This is a potential put. Small body, big wick.

Refer to …. A Pinocchio bar aka Pin bar had a long wick nose and a small body. Pin bar reversal. We can see it clearly e. The levels at which, it is possible to change the direction of the price with high probability.

We have a reversal and now notice the pin bars near the chinkou the green line of Ichimoku Kinko Hyo. As I said in my article about Ichimoku the chinkou can act as a support or a resistance.

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When the price hit the chinkou and we have pin bars there are potentials calls. I can see two ITM calls here.

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Now, look at the second blue box. The price finally made a bullish reversal and come back to the resistance level in which we took a put before.

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In the beginning of the blue box we have a good pin bar. Furthermore, if you can see the volume we have a buying climax at tops. The big green bar. The next candle is a green evening star, bearish signal near to the tops.

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Notice that the price is moving up with decreasing volume, after a buying climax at the tops, in a resistance levelnafter a pin bar. So many clues to take a put. Solid ITM trade for any expiry time.

  •  - Хотела это сделать, но она совсем еще ребенок, да и денег у нее не .