Pin Bar and Inside Bar on NZD/USD

Pin Bar and Inside Bar on NZD/USD

Yesterday, sales prevailed on the NZD/USD currency pair. At the moment, near the "mirror" resistance level of 0.72600, a number of classic Price Action Patterns, Pin Bar and Inside Bar (H1 timeframe), were formed. We recommend you to pay attention to this situation.

If the price fixes below the 0.72350 mark, you need to look for entry points in the market to open short positions. The immediate goal for profit taking is a round level of 0.72000. In the medium term, the NZD/USD currency pair may reach the support level of 0.71500.

by JMarkets, 2017.06.20

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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