Pin Bar Entry Flashcards
1
Q
What is the pin bar reversal?
A
The pin bar reversal is defined by a long tail. The pin bars generally have small real bodies compared to their long tails.
The tail of the pin bar shows the area of the rejected price, and the implication is that the price will continue to move opposite to the direction of the tail points.
2
Q
How do trade Pin Bars against the Trend?
A
When trading a pin bar counter to or against a dominant trend, it’s widely accepted that a trader should do so from a key chart level of support or resistance.
3
Q
How to trade bullish pin bar?
A
Entry: After the pin bar candlestick closes.
SL: Behind the swing low.
Target: At the Swing high..
