FX Price Action – Euro False Break + Pin Bar Signal | May 1st

On a decent run over the last 4 days, the Euro has gained a little over 200 pips during these days, but today formed a false break and pin bar signal. The false break is from the prior 2-bar swing high on the 16th/17th which was at 1.3199, with today’s high peaking at 1.3242, but closing at 1.3178.

This formed the pin bar signal today, so sell signals between 1.3200 and 1.3242 are a decent play for bears. A break above this puts 1.3300 in focus. However more bearish selling from here will put 1.3100 up first, then 1.3000, so some decent downside as well.

euro pin bar signal + false break price action 2ndskiesforex.com

Visit our Free Beginners Course, & my newest trading article on the Pin Bar Entries – the 50% Retracement Myth.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article