In yesterday's market commentary we posted about the USDJPY forming a small Pin Bar on the daily chart that was formed at the near term support. To read this post see here: USDJPY Daily Pin Bar After posting this setup price moved higher breaking through the high of the Pin Bar and gaining …
Price Action Charts in Focus
USDJPY Small Pin Bar | Price Action Commentary | Johnathon Fox
The USDJPY has fired off a smallish and inconclusive Pin Bar on the daily chart. During the previous session price moved lower to test the recent support before the bulls came in to push price higher to form the small Pin Bar. The problem with this Pin Bar is it is not as big and commanding as it …
EURUSD Stuck in Tight Range | Price Action Commentary | Johnathon Fox
The EURUSD is stuck in a tight range on the daily chart. Previous to being stuck in this range, price had been moving higher with a lot of momentum. Price is now stalling and both buyers and sellers are fighting to gain the upper hand. Price trading inside this tight range could present price …