Price on the EURUSD has moved lower after firing off a 4hr false break pin bar. This pin bar was making a false break of the recent key resistance level that had been containing price from moving higher.
False break pin bars can be really high probability price action signals and once price broke the low of the pin bar it moved lower into the near term support. At the time of writing this blog post price is still moving lower and possibly trying to move into the major support around the 1.3465 area, but this pin bar has already done it’s job for the traders who have taken it and have now made some solid profits.
EURUSD 4HR CHART 
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