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