What is a pin bar pattern?

A pin bar pattern consists of one price bar, typically a candlestick price bar, which represents a sharp reversal and rejection of price. The pin bar reversal as it is sometimes called, is defined by a long tail, the tail is also referred to as a “shadow” or “wick”.

What is a pin bar reversal pattern?

The pin bar is a single candlestick reversal pattern with a short body and long wicks The pattern can be either bullish or bearish and may appear at the top of an uptrend, downtrend, or correction mode during an existing trend When trading forex using the pin bar pattern, confirmation is needed.

What is a pin bar candlestick pattern?

A pin bar candlestick pattern visually shows when price reverses in a time frame back near its starting point. A pin bar candle has a long tail or wick and a small body. The body of a pin bar candle should much smaller than the size of the wick.

Is a pin bar a trading signal?

Until the bar is closed as a pin bar pattern, it’s not really a pin bar yet. Another entry option for a pin bar trading signal, is entering on a 50% retrace of the pin bar.