The EURAUD has formed a Pin Bar reversal on the daily chart. This price action is bullish and could possibly lead to price moving higher. This Pin Bar has formed at and old resistance area. The old resistance area is now holding as new support. Price in this pair has been in an up-trend and …
GBPJPY Pin Bar
The GBPJPY daily chart formed a Pin Bar reversal. This Pin Bar was against the trend, however it had formed at the resistance. Once price broke the low of the Pin Bar price smashed lower and pushed through the near term support. Price may continue to fall lower from here and the next support …
Oil Pin Bar Recap
Previously in this blog we discussed a 4hr Pin Bar on the Oil chart that had looked to turn the market back lower. To read that post see here: Oil Pin Bar At the time of writing the above post, price was sitting on support of the range. Once price broke this range low we had a major collapse …
