Overnight the EURUSD has formed a Bearish Engulfing Bar (BEEB) on the daily chart. Whilst this BEEB has formed towards a low, it is rejecting resistance and has closed well lower off the daily highs. Price during the daily session moved higher into a key level for this market where resistance was …
Price Action Charts in Focus
EURUSD False Break Pin Plays Out
The setup we discussed in this blog yesterday on the EURUSD has now played out. To read yesterdays live post of the EURUSD daily setup see this post: EURUSD False Break Pin Bar Setup. From this false break pin bar price broke the low of the pin and smashed lower passing the super close support …
EURUSD False Break Pin Bar | Forex Signals
The EURUSD has formed a false break pin bar of the recent resistance area on the daily chart. This false break has occurred when price has moved higher and tried to push through the resistance only for the bears to jump in and smash price lower. This reversal of price is what has created the Pin Bar …