How to identify best pinbars that will work in their direction | Forex Tutorials And Technical Analysis

You can see there are two types of analysis in trading system, one is fundamental analysis and another is technical analysis. So, basically fundamental analysis performs depends on various types News, Events, Company portfolio etc. Whereas technical analysis performs depending on various types of candlesticks and chart patterns and one of them is pin bar. Actually it is not called pin bar but as it looks like a pin, so we calling it Pin Bar.

Now lets look how many types of pin bar can be seen in Technical Chart of the below screenshots.