Equity:813.93 - Pin bars

I have read many Price Action traders, and many of them mentioned the Pin Bar to be the most basic and also very profitable signal.
Below is another video by Nial Fuller about Pin Bars. I am starting to like him because his teachings are very clear and easy to understand.

Pin Bar is a candle that has short body and very long tail. The longer the tail, the better. Pin Bars are signal for a reversal to happen.

And the video goes on to explain how you should place your Stop Loss, as it is too much if you set it at the ends of the tail. So he gives a brief suggestion, maybe you can set it at 30% of the Pin Bar itself. But it is really your own estimation and method.

Nial likes to use the word 'Confluence', which means that there is another evidence that can support your trade. And like the previous post, the Confluence is with Resistance Line again. It would be better if it is a Pin Bar and it is bouncing off a Resistance Line.