To determine whether a pin bar is worth trading or not, you should respect the following rules :
-Do not trade pin bars on lower time frames
-Do not trade this price action pattern alone
Pin bars are accurate on higher time frames and they should be traded in combination with other technical analysis such as :
-The Trend : The pin bar should be formed in line with the trend of the market
-The Level : The pin bar should be formed either at support or resistance levels
- This Japanese candlestick should be a clear pin bar with a long tail and small body .
This trading pattern will show up in any market ( forex , stock, commodities, options ....). be sure you practice identifying and trading them on a demo account before trading them with real money .
--------------------------------------------------------------------------------------------------------------------
Join my supply and demand trading course here :
Instagram :
Subscribe :
0 Comments