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 …
Price Action Charts in Focus
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 …
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 …