Pin Bar is a popular Forex strategy which is based on the particular candlestick pattern. You can use this strategy on any major pairs and timeframe. Using longer-term timeframes would be more logical though. I advise 1H, 4H or daily charts. The “Pinbar” pattern was first introduced by Martin Pring. Bearish Ping-Bar Pattern:

The pin bar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected.

The middle bar of a three-bar formation that can be found on any stripped down “naked” bar chart or candlestick chart.

A single candlestick setup that clues price action traders into potential reversals in the market.