Price action tutorial: How to trade Fakey Pin Bars
How to spot a Fakey Pin Bar
1. long candle called "mother"
2. an inside bar (remember that high and low values of an inside bar MUST be inside high and low values of the previous bar)
3. pin bar (long shadow in the opposite direction of the future trend and a small body)
How to trade it
1. long candle called "mother"
2. an inside bar (remember that high and low values of an inside bar MUST be inside high and low values of the previous bar)
3. pin bar (long shadow in the opposite direction of the future trend and a small body)
How to trade it
- Stop Loss some pips under pin bar low
- Enter after pin bar formation
- I usually trade Fakey Pin Bar with a risk/reward of 3
