Outside Bar and Pin Bar on AUD/USD

Outside Bar on USD/JPY

Near the key offer area of 0.74200-0.74400, several classic patterns of the Price Action methods – Outside Bar and Pin Bar (H4 timeframe) were formed. These formations indicate the development of the bearish sentiment. We recommend you to pay attention to this situation. Confirmations and entry points to the market are better to look on smaller timeframes.

The closest target for profit taking is the support level of 0.73500.

by JustForex, 2017.05.16

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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