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

Verified Profitable Trader

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 4x per week. Click here to become a member.

Related Article