Last week the GBPUSD fired off a Pin bar reversal on the daily chart. The Pin Bar had formed against the recent up-trend however it was formed at major resistance. Once price broke the low of the Pin Bar we had a little stalling before price finally broke lower and began it's rotation lower. We …
Oil Pin Bar
The price for oil has dropped during the last session after a Pin Bar reversal was created. The Pin Bar was on the 4hr chart and inline with the recent strong down momentum and at a pullback to resistance. Once price broke the low of the Pin Bar, price dropped into support around 91.60. If …
USDJPY Price Action
The USDJPY is as we write looking to break higher through resistance on the daily chart. This resistance has acted as a very solid previous support. This level is crucial to how this market plays out, and to whether the bulls or bears gain control. We can see a Bullish Engulfing Bar that has formed …
