EURUSD – SPOT: Selling On Retracement Within The Range Of Bearish Long-Tailed Pin Bar Signal
Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.
The Bearish Fakey + Pin Bar Setup that had formed late last week failed (We suggested selling from this setup in the August 26th, members' daily newsletter).
Price moved lower from the Multiple Inside Bar Pattern that had formed on Friday, August 12th (We did not consider trading this pattern).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains under the 1.0349 short-term resistance level that also coincides with the recent Multiple Inside Bar Breakout that had triggered on Monday, August 15th.
Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.
The Bearish Fakey + Pin Bar Setup that had formed late last week failed (We suggested selling from this setup in the August 26th, members' daily newsletter).
Price moved lower from the Multiple Inside Bar Pattern that had formed on Friday, August 12th (We did not consider trading this pattern).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains under the 1.0349 short-term resistance level that also coincides with the recent Multiple Inside Bar Breakout that had triggered on Monday, August 15th.