Newbie question, re trading Forex and pin bar indicators. I cant seem to find an answer to this but have tried! I have a relatively good undertsanding of what constitutes a pin bar and when is a good time to act upon the formation of one, however….if looking at a green pin bar with large tail at the top of an uptrend, so small green body at bottom of bar and large tail above (red being bearish and green being bullish), do I act upon this as being an indicator of the start of a downtrend?It appears to me that I shouldnt, that I should only act if the body is red but I am not entirely sure. Obviously the same applies to the reverse.
Hope that makes sense