With the Pin Bar forming on the weekly chart, I will be looking for a pullback towards previous support of 1.3120 area before the trend to continue.
Will be looking at an obvious price action signal in this area to enter a short position down to the next key support of 1.2780 area.
However with this Pin Bar forming as a Counter trend Pin Bar, it is possible that this could fail and the trend continue.
Will be looking at an obvious price action signal in this area to enter a short position down to the next key support of 1.2780 area.
However with this Pin Bar forming as a Counter trend Pin Bar, it is possible that this could fail and the trend continue.