EURUSD Intra-day Pin Bar Off Key Level | July 18th
EURUSD – Intraday Pin Bar + Daily One As Well
Today the Euro fired off both a daily pin bar off the dynamic 20ema support, and intraday key level. Even though we’ve had 4 bear days in 6, the two bull days were large bull bars, while every bear close was a rejection to the downside, suggesting intraday the buyers are willing to step in and push it higher.
Also notice in the chart below the 1hr intra-day pin bar which then saw follow through buying that erased almost all the days losses. I’ll look for intra-day price action pullbacks towards 1.3072/80 area, targeting 1.3115 and a more sustained move towards 1.3145. A break below 1.3050 targets 1.3000/1.2975.
Make sure to check out my latest article on Rule Based Systems vs. Discretionary Systems Pt. 1.
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