The EURUSD stalled over the last few days after retracing just over 50% of the last move lower. The overall downtrend could be getting ready to resume following this 50% retrace and today's bearish pin bar that formed there. We prefer to wait for a small retrace higher before entering or wait for a intraday sell signal near that 50% retrace level .
The NZDUSD formed another bearish pin bar today following one on April 17th. We could see price rotate lower 1 or 200 pips following these pin bar signals . We are looking to enter on a small retrace up today's pin bar length.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The NZDUSD formed another bearish pin bar today following one on April 17th. We could see price rotate lower 1 or 200 pips following these pin bar signals . We are looking to enter on a small retrace up today's pin bar length.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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