Hello there. I’m gonna tell you my price action trading method with pin bar candle pattern. This is actually successful for me. and it’s easy. Take a look at this chart.
Okay. This is GBPJPY H4 chart. There is a nice pin bar candle which I highlighted on the chart. So now, How to make a position.
Once close that pin bar candle, just wait until retrace new candle 40% of previous candle. After that just put the trade and stop loss must be little bit below the previous candle and take profit should be 2 times of stop loss.
According to this trade the stop loss was 30 pips and the target was 60 pips. As well as target was hit nicely. This was a buy trade. You could do the same this on sell position. When creates a candle for sell position. You can use this for h1, h4 daily timeframes
Try this yourself and tell me your success