Pin-Bar Pattern: 3 Strategies for Trading [Forex, Crypto, Stock]

More recently, I noticed that the site does not have the most elementary strategy, namely the trading strategy of the Pin Bar Pattern. That is why I recorded a video and I will describe 3 strategies in a few words and attach examples.

And so the pin bar looks like this:

Pin-bar formation rules, indicators, description can be found at these links:

We will get down to business right away and consider 3 trading strategies using the PIN-BAR

I am also attaching examples.

1st strategy — rebound from the level (principle of trading by Price Action):

1) The price approaches the level (preferably the 3rd or more times) after the rebound from the level, we make a deal.

2) Stop loss is placed under / above the tail of the pin.

3) Profit — an important level or Fibonacci level.

2nd strategy — return to 50% Pin bar:

1) If you missed the entry on the pin, we are waiting for a return and a rebound from 50% of this pin bar.

2) Stop loss is placed under / above the tail of the pin.

3) Profit is similar — an important level or Fibonacci level.

3rd strategy — rebound from the trend line, moving average (upward or downward):

1) Similarly to the rebound from the level, we use the trend line or channel (preferably the 3rd or more times) after the rebound from the level, we make a deal.

2) Stop loss is placed in the same way — under / above the tail of the pin.

3) Profit — an important level or Fibonacci level.

Video version of «3 Pin Bar Trading Strategies»

and video -2:

Original