On Friday 14th a Pin bar formed at a key level on the AUD/USD daily chart. Despite breaking through and closing below this key level a week before. Price has since broken back above this level and given us a possible buying opportunity. The bar formed is not the best example of a pin bar […]
The trade set up we discussed yesterday has become void after the low of the Bearish Pin bar was breached and todays candle closed below it. This key level which previously acted as support may now act as resistance. If price rises back to this level, it would be a good place to look for a […]
05-NOVEMBER-2014 GBP/USD has been in a strong down trend since mid July, but today we have reached an important level. A nice long tailed pin bar has formed here today right on the key level around 1.5888 We can say that a pin bar forming here has confluence with the key level. There was strong buying last […]