FX Price Action - Crude Pin Bar on Pullback | May 6th

pin bar role reversal price action trading 2ndskiesforex.com

WTI Crude Oil
In the second leg of its most recent bull run, the commodity ran into resistance just north of $97. This caused some profit taking and a pullback into a prior role reversal level, forming a pin bar on the 4hr chart below. If the pin bar lows and $94.84 level holds, then a retest of $96.30 and $97 is on deck. A break below $94.80, will likely result in more profit taking, and setup an attack on $94.00.

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