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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
  • Gold Pin Bar + Outside Bar Combo | Jan 28th 0 comments
    Jan 28, 2013 8:58 PM

    Hello Traders,

    I've been watching Gold today, which has shown some of its first real attempts to bottom, based on the intraday price action. It has formed an outside bar, and followed it up with a small pin bar (chart below).

    (click to enlarge)gold pin bar + outside bar combo price action

    I'm still not convinced, but if the key $1652 level holds, on another corrective pullback, I'll look to likely get long, targeting $1664. If this level fails, then we could see a deeper pullback towards $1645 or even $1625.

    Kind Regards,

    Chris Capre

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