audjpy 4 hour pin bar

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Comment by Justin Bennett on May 14, 2014 at 1:34pm

A 4 hour pin bar just formed on the AUDJPY at support. The pair has been trending up since May 5th and based on this bullish pin bar, looks to be ready to retest recent highs at the 96.2 level.

Comment by Oasis on May 14, 2014 at 1:51pm

This is kinda funny Justin. See the daily chart - obviously current bar is far from closing but see possible contradictory signal in the making. I guess waiting to see what happens is best.

Comment by Justin Bennett on May 14, 2014 at 2:57pm

As always, Oasis, these are just my observations. It was a post about what had happened on the 4 hour chart, not what might happen on the daily. :) 



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