The best way to enter a pin bar setup is to enter on a break of the pin bar nose.
This is also the more conservative approach as you are waiting for the market to break the previous high or low.
Let’s take a look at this entry strategy.
In this illustration,we have a bullish pin bar that formed. The conventional entry calls for a buy stop order
just above the pin bar’s nose. As always, our stop loss goes below the tail of the pin bar.
This is widely believed to be the safest way to enter a pin bar setup. It’s also the most common.
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14 2327 hours ago
after the second swing low was made we could have drawn our trend line. notice how the market formed a pin bar at the third touch from this trend line.this is a perfect example of the type of buying opportunity a trader would look for uisng trend line support .
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1 4902 days ago
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