Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
Today I am going to discuss trading the price action pattern called a Pin bar which can give some insight into a potential price action reversal, entering traps, and getting into trends.
In this article, I will specifically talk about how you can use it for aiding your key support and resistance levels to find likely turning points.
I’ll also talk about what a pin bar is communicating from a price action and order flow perspective, and how to trade them.
The term was originally penned by Martin Pring calling it the Pin bar, which stood for ‘pinocchio bar‘ or a bar that is telling a lie.
Martin had noticed that these types of bars come …... Keep reading