What’s the Difference Between a Pin Bar and a Hanging Man?  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now #529: What’s the Difference Between a Pin Bar and a Hanging Man? In this video: 00:29 – Pin bars and a Hanging Man candle. 00:52 – I trade neither candle. 01:12 – How to use a Pin bar or Hanging Man candle.  01:52 – How the Pin Bar and Hanging Man are formed. 04:35 – Find out more about how we trade and how we can help you. 04:55 – Book a call and have a chat with us. 05:06 – Trade through Blueberry Markets. What's the difference between a pin bar and the hanging man candle formation? And how can they help you to increase your performance as a trader? Let's get into that and more. Right now. Hey traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 529. Pin bars and a Hanging Man candle. Now I want to talk about two candle patterns that often cause confusion for people. And one is a pin bar and the other is a hanging man. And for a lot of people, they kind of look the same and they don't quite understand how to use them and what's actually happening behind the scenes in the market conditions to create those patterns within your charts. I trade neither candle. It's important to note also that I do not trade a pin bar or hanging man purely as a candle pattern. However, they can be really influential in my trading because they give me an early warning system or give me a clue as to a potential change of direction. How to use a Pin bar or Hanging Man candle So if I'm not in a trade, they can give me the clue that. “Hey, look, the market may be just stalling here, here, or potentially changing direction.” I still need confirmation after the pin bar or the hanging man. The other scenario is if I'm already in a trade and I see a pin bar or hanging man pattern show on the charts, but I haven't quite reached my profit target yet. So what that is telling me is, “Hey, look, this could be a really good opportunity now to potentially really look at closing some of the trade or X thing and total the entire position and early because we could now be getting a change in direction against where we're looking for the trade to move.” So what is a pin bar? What is a hanging man pattern? Well, basically to me they both are Indecision Candles. They tell me there's a lot of movemant in the market, but the market's not quite decided which way it's heading. So let's use an uptrend as an example. If the market's currently in a really good, strong uptrend and we see a pin bar show, a pin bar will be a candle with a small body but a long upper wick. And what that means is that the uptrend has continued and it's gone really strongly upwards. And at some stage during that candles formation, that would have been a good, strong bullish candle. However, before the candle is closed, the price has come all the way back down to either just above its open or even potentially just below. It's opened,