Home
Trade Signals
Euro Pin Bar + Intraday Double Bottom | July 15th

Euro Pin Bar + Intraday Double Bottom | July 15th

61 Views

Verified Profitable Trader

EURUSD – Forms Intraday Double Bottom off 1.3000
Yesterday in our weekly market commentary, I suggested buying EURUSD off the 1.3000 level. The pair intraday formed a double bottom and with trend pin bar off the 1.3000 level, going 8 pips past it, then shooting up higher +60 pips. Anyone buying this intraday price action pullback would be up well over 2R, with some students up 3R, so hopefully you have taken some profit off the board now. Short term the pair is in a larger range, but the double bottom rejection off 1.3000 suggests more upside. Expect a retest of 1.3187 soon, while a daily close below 1.2975 sets up 1.2900 and 1.2775.

Check out my latest articles on Rule Based Systems vs. Discretionary Systems Pt. 1, and some winning trades from our students over the last few weeks grabbing some excellent price action setups.

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article

forex breakout setups 2ndskiesforex

Trading Forex Breakouts – Strategies, Patterns and Price Action

nzdusd resistance zone 2ndskiesforex

How Forex Traders Can Find The Best Key Support and Resistance Levels

price action trading 4hr charts 2ndskiesforex

Price Action Trading The Daily, 4hr & 1hr Charts

MUST READS

CATEGORIES

NO FINANCIAL ADVICE - The Information on 2ndSkiesForex.com, and any correspondence from 2ndSkiesForex.com or contractors and/or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The information contained in or provided from or through this site is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this site and provided from or through this site is general in nature and is not specific to you the user or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS SITE WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all information available on or through this site AT YOUR OWN RISK.

RISK STATEMENT - The trading of foreign currency, stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. Trading may not be suitable for all users of this website. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Broker Affiliate Disclaimer: 2ndSkiesForex will occasionally use affiliate links to link to 3rd party brokerage sites. If you sign up for the service offered by the site, we may receive a 1x fee under specified conditions. 2ndSkiesForex does not receive any commissions from your trading activity with any of our partner brokers. We simply receive a 1x fee for you signing up and funding a new live account under specified conditions.