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 …
Price Action Charts in Focus
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 …
EURUSD Rejection Candle
The EURUSD daily chart has formed a Bullish Rejection candle. This bullish price action has formed with the strong recent up-trend and at near term support. If price moves higher from here price could look to test the near term resistance around the Very Big Round Number of 1.300. If price falls …