krugman25

EURUSD - (Bearish) Inside Bar / Pin Bar Fake-Out

Short
krugman25 Updated   
OANDA:EURUSD   Euro / U.S. Dollar
The EURUSD has formed a bearish inside bar / pin bar fake-out. This has formed on the weekly charts. There are a number of things to really like about this setup: not only is the pattern itself large and well defined, it is also setting within a larger overall bearish trend, and has formed just beneath some key resistance levels. It really checks all of the boxes for things I look for in a good setup. One of the negatives of this trade is that price is sitting just above a local support level. Due to that fact, we may see price retrace a bit higher early next week before attempting to break lower.
Comment:
Other current setups

DXY

SILVER
www.tradingview.com/...SLV-Bearish-Pin-Bar/

AUDUSD

NZDUSD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.