GBPUSP – Pin Bar At Key Role Reversal Level | Sep 10

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GBPUSD – Pin Bar @ ST RRL (4hr chart)
I’m sure some of my ‘fans’ will comment on the fact I’m mentioning pin bars. That would be a misunderstanding of what my article was about.

Regardless, what I’m watching right now is ST the momentum is bullish for the GBPUSD. However it’s coming into a key RRL – role reversal level at 1.5450. The pair has already formed a pin bar rejection there (can you tell I’m milking it :-)))

This RRL is key to me ST for if it holds, then we should minimally see an attack on the 1.5350 ST swing pullback area and potentially the lows from the 4th of this month.

A daily close above this and 1.5550 would negate my bearish bias MT and shift the risk for an upside attack towards 1.5650.

gbpusd

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