The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order.
This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.