Forex Price Action – EURUSD Pin Bar At Resistance | Nov. 14th

As discussed in yesterday’s market commentary, the engulfing bar + pin bar combo did produce higher prices for the Euro, and went to the first resistance level I mentioned yesterday (around the 1.2763 area). However,  the pair got rejected and formed a large pin bar at resistance and a role reversal level.  Now the lines are drawn short term, as the bulls will have to clear 1.2772, while the bears have support at 1.2659, so those are your levels for either side of the market to get long or short, and watch for price action signals there.

pin bar engulfing bar role reversal price action nov 14th

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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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  • Bilal30

    Hi Chris!

    I was watching this one but I didnt take it because the fourth candle after the pin bar closed above the channel and I had an buy order on the daily Pin bar from thuesday.