Forex Price Action Setups - EURUSD Pin Bar Rejection - July 17th

pin bar rejection outside bar july 17th

Yesterday I wrote in my forex market commentary how the Euro had formed an outside bar and a pin bar rejection off the lows, suggesting the short term upside was favored and dips just below the 1.2200 region would be a great place for an intraday buy.  This is exactly how it played out as the price dipped 12pips below the 1.22 handle, then bounced to close 105pips higher.  Many of my price action traders in the price action course got in on this and made some solid pips with very low risk, many getting over 4-5:1 reward to risk plays forming a daily pin bar rejection.

The pair seems to be underpinned short term so I will keep …

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