Pin bars in the bar chart world are essentially the equivalent of hammers and shooting stars in the candlestick chart world. These single-bar price action indicators can be exceptionally effective ...

Traditionally, aggressive traders enter at market after a Forex Pin Bar is formed. However, the stop placed below the tail of a pin bar could be 200 or more pips. Many times, price will retrace ...

Sometimes called the candlestick strategy because of its distinctive shape, the pin bar pattern looks like a candle with a long wick on it. It represents a sharp reversal and rejection of a particular ...

It bounced off a support at ₹500 and it formed a bullish pin bar candlestick, hinting at a potential reversal in trend. Note that the price band of ₹470-500 is a considerable support band ...