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Forex Price Action - Kiwi Forms Pin Bar Setup Off Support | Sept. 20th


Retreating from the recent swing highs over the last 5 days, the New-Zealand dollar formed a large with trending pin bar off a key role reversal level today. It should be noted how the day started off very bearish for the pair, which reversed gains sharply after touching the key role reversal level at .8210 and closed up on the day.

I suspect higher prices for the Kiwi, but am looking for one more intraday pullback to get long. I'll take a buy off any pullback towards .8230-.8215 with tight stops below targeting the recent swing highs at .8350 offering up a nice 3/4:1 reward to risk play so a decent catch out there. Bears can watch .8350 on the intraday charts for weakness to short the pair targeting today's lows.

forex price action pin bar setup chris capre sept 20th

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