Forex Price Action – Oil Pin Bar Rejection off Channel Top | Dec. 3rd

Crude Oil
Slowly trying to build a medium term based, the commodity formed a pin bar rejection off the key $90.00 level, and channel top as well.  If the channel holds, then we should see it fall towards $86.00 and the channel bottom.  But if it breaks above the big figure, look for a breakout pullback setup which will likely challenge $93.

pin bar trading price action dec 3rd

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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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  • Tina

    How do you know which pinbars to take off s/r levels as some just carry on, do you wait until the next bar closes?

    • Hello Tina,

      This is the kind of thing I only discuss with my Price Action Students which you are welcome to become a member of.
      I do have an article which will give you some ideas () but the more detailed information on how to trade these setups
      is reserved for course members.

      Anyways, I hope this helps.

      Kind Regards,