Short

EURUSD - (Bearish) Inside Bar / Pin Bar Fake-Out

Updated

The EURUSD has formed a bearish inside bar / pin bar fake-out. This has formed on the weekly charts. There are a number of things to really like about this setup: not only is the pattern itself large and well defined, it is also setting within a larger overall bearish trend, and has formed just beneath some key resistance levels. It really checks all of the boxes for things I look for in a good setup. One of the negatives of this trade is that price is sitting just above a local support level. Due to that fact, we may see price retrace a bit higher early next week before attempting to break lower.

Note

Other current setups

DXY

SILVER

AUDUSD

NZDUSD

krugman87

Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019

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