Candlestick patterns
Pin bar strategy
A candle with a long wick (“nose”) and a small body at the other end. It is the general name for hammers and shooting stars.
Why it works
The wick shows where price was rejected. A pin bar at a key level is one of the most traded price action signals.
How to use it
Only trade pin bars whose wick pokes through a level (support, resistance, liquidity) and closes back. Stop beyond the wick.
The typical mistake
Trading pin bars without context: the same candle in the middle of a range has no edge.
FAQ
What is Pin bar in trading?
A candle with a long wick (“nose”) and a small body at the other end. It is the general name for hammers and shooting stars.
How do you trade Pin bar?
Only trade pin bars whose wick pokes through a level (support, resistance, liquidity) and closes back. Stop beyond the wick.