Thursday, July 24, 2014

False Break Pin Bar Setup on EUR/GBP Cchart

7:28 PM
The EUR/GBP has fired off a false break pin bar setup on tha price action chart.This pin bar is making a false break of tha recent resistance level with tha nose of tha pin bar clearly protruding up and through tha key level.on this pair has been in a heavy down-trend for quite a few months now with price making solid retrenchments back higher into value areas,to then roll back over to continue back in-line with tha strong trend back lower as tha second chart shows below.

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