Price Action | Euro Pin Bar off Resistance | Nov. 14th

EURUSD
As I had discussed in yesterday's market commentary, the pin bar and engulfing bar combo highlighted did produce higher prices for the Euro, and went to the first resistance level I mentioned yesterday (around the 1.2763 area). Some of the course members got in on this trade and profited nicely from it as it was discussed openly.  

However,  the pair got rejected and formed a large pin bar at resistance and a role reversal level.  Now the lines are drawn short term, as the bulls will have to clear 1.2772, while the bears have support at 1.2659, so those are your levels for either side of the market to get long or short, and watch for price action signals there.

pin bar engulfing bar role reversal price action 2ndskiesforex.com nov 14th

For those wanting to learn to trade price action, access to the traders forum, lifetime membership & more, visit my Price Action Course page here.

 

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Tags: 2ndskiesforex.com, EURUSD, Euro, action, bar, capre, chris, forex, pin, price, More…resistance, setups, strategies

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