How to Determine the Quality of a Pin Bar Setup

The Pin Bar Setup. I bet you have seen many pin bars on your Forex charts. Maybe you haven’t been aware that you are looking at a pin bar formation per se, but you most likely have come across this candle.

Just remember to look at the size of the pin bar compared to the previous bar or candle. Ismail Abdul-Aziz July 24, at 4:

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The Pin Bar is a Price Action formation that can be found on any timeframe in any market. The Pin Bar or full name Pinocchio Bar, is given its name because the signal is lying to the market or tricking traders that price is going one way when in fact it .

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