EURUSD – Long Tailed Pin Bar Signal on Daily Time Frame | May 15th

EURUSD – Long Tailed Pin Bar Signal + False Break on Daily Time Frame

After forming the large engulfing bar + false break we talked about last week, the Euro has formed a long tailed pin bar today at a key event area (support level). The 4hr charts suggest the rejection has likely recovered the key level, so we’ll look for short term longs here.

Our Trade Idea: Look to get long on a short pullback to the 1.3689/1.3670 support zone, with stops below today’s low. Note – we are not using any ‘trade entry trick‘ – just pure price action trading and analysis. Upside targets will be 1.3755 and 1.3890.


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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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