I bet you have seen many pin bars on your Forex charts. Maybe you haven’t been aware that you are looking at a formation, but you most likely have come across this candle on the chart
Bullish Pin Bar
A valid, tradeable is located at the end of a and its lower candle wick goes below the overall price action. If you spot a setup on the chart, this will setup a nice opportunity for a long position.
Bearish Pin Bar
The same is true for pin bars but in the opposite direction. The is located at the end of a and its longer candle wick is the upper area. In this manner, the longer wick is sticking out above the price action. The is usually a good sign of an upcoming price reversal in the direction.