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Chris Capre
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Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
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Trading Price Action and Pivot Points
  • GBPJPY Pin Bar Signal | Jan 23rd 0 comments
    Jan 23, 2013 10:21 PM

    Hey Traders,

    Although I'm not totally convinced the GBPJPY has formed a short term bottom, it is showing some signs of it near term with a few pin bars and a HL (higher low) off the recent 139.50 area. First hurdle is 141, but after that, all clear for about a 100pips.

    A failure below 139.24 opens up 137.90.

    Chart below:

    (click to enlarge)pin bar price action trading gbpjpy

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