Weekly Forex Price Action Setups | Aug 4-9

euro 4hr intraday price action signals pin bar range 2ndskiesforex.com

EURUSD – Uptrend Intact But…
After reaching a high of 1.3342 last week, the Euro sold off for 24hrs straight, bottoming around 1.3200/3190. From here it formed a 4hr pin bar, and then bounced from the NFP announcement. Although the uptrend is still intact, it’s sitting just below the 1.3342 resistance, and key level at 1.3390/3400 which is the June swing highs. Sellers are likely placed here and should test the bulls resolve, so expect some likely push-back from here. Bears can watch for 4hr or intraday price action signals at this level, while bulls have to play the short term range buying just above 1.3200.

GBPJPY – Breaks Higher After Consolidation
In our Aug. 1st commentary we discussed the …

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