Daily Price Action
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Price Action Setup – GBPJPY

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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

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2 comments
Dr. Evil says

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

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    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. 🙂

    Reply
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