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Pin Bar :a pin bar is candle with long upper or lower ( tail ) ( wick ) or ( Shadow ) and a small real body .
The pin bar shows that a certain price or level in the market was rejected .
Below in pic a bullish and bearish pin bars :
Trading the pin bar :
if a bullish pin bar formed you can trade it in three ways :
A: place a buy stop above the high of the pin bar ( wait till the market break the pin bar high and buy it ) with placing a stop loss lower 1 to 10 pips from the low of the pin bar .
B: place a buy limit order on 50% of the pin bar and stop loss lower 1 to 10 pips from the low of the pin bar .
c: buy market order when the pin bar closes with a stop lower 1 to 10 pips from the low of the pin bar
and trading on bearish pin bar will be vise versa
