Daily Price Action

Price Action Setup – GBPJPY


Nice price action setup forming on the GBPJPY 4 hour chart. The pair has been forming a wedge on the daily chart since October 2013.

We’ll see how the day closes, but the 4 hour chart is looking quite bullish after forming the pin bar off of the wedge bottom (second chart below).

price action wedge gbpjpy

GBPJPY pin bar on the 4 hour chart

price action pin bar

Leave a Comment:

Dr. Evil says

nice setup….. i will long it but keeping in mind the weekly pinbar

    Justin Bennett says

    Just make sure you’re doing so based on your own due diligence. I’m just here to comment on formations I see, not to be confused with those who provide buy or sell signals. 🙂

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