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Editorial Staff at Benstride is a team of Forex traders led by Vincent Nyagaka. We have been creating Forex tutorials since 2013, and Benstride is one the largest free Forex resource site in the industry.

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How to identify and form Pin Bar Candles

How to Identify and form Pin Bar Candles

Pin Bar, which is short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. I. Identify pin bar …

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