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 …
Price Action Charts in Focus
GBPUSD Pin bar
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 …
