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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 Holds | Feb 4th 0 comments
    Feb 4, 2013 8:48 PM

    Hello Traders,

    One of the pairs which has been showing some good intraday price action signals is the GBPJPY. There was a pin bar on the 4hr chart off the key role reversal level, which I talked about as a good support level for intraday longs in my weekly market commentary.

    That level held, and has now bounced over +90 pips.

    Short term the range dominates, so watch for plays on both sides. A break of the range to the downside, suggests a weakening of the trend, while an upside break should bring in fresh longs (chart below)

    (click to enlarge)pin bar forex gbpjpy price action 2ndskiesforex feb 4th

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