Price Action Strategy: Pin Bar Reversal Setup on the Daily Chart

The pin bar (pinocchio bar) is arguably the highest-probability single candlestick reversal signal. Here's how to trade it systematically: **What makes a quality pin bar:** 1. Long wick (at least 2/3 of total candle length) on the rejection side 2. Small body with a close in the upper/lower third of the range 3. Occurs at a significant level (support, resistance, Fibonacci, major MA) 4. Context confirmation: with the higher timeframe trend, or at a major reversal zone **Entry methods:** - **Conservative:** Enter on the next candle's open - **Aggressive:** Enter at 50% retracement of the pin bar wick during the next session **Stop Loss:** Just beyond the tip of the wick **Take Profit:** Next significant level in the pin's direction (minimum 2× the stop distance) **Highest probability pin bars occur when:** - HTF trend aligns with the pin bar direction - The pin bar forms at a level that's been tested 2+ times before - Volume is elevated on the pin bar day What's the highest R:R pin bar trade you've ever taken?