zbych's Blog

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It isn't Garley, but pin bar on EURNZD

In 20.02 we've seen not Gartley pattern on EURNZD (it was my idea several days ago), buy "simply" pin bar on important support level. I've opened long position near 1.5020. If pin bar will be defend we should see strong move up. Why? Several last weeks market was looking for answer - has been break down 1.500 level true or false?
Let's see weekly chart. It show how important support level is 1.5000. On the other side if pin bar will be break down we ought to see very strong move down.
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EURJPY - reversal pin bar


Friday, 20.02 we've seen nice pin bar on EURJPY. Now support near 134.00 look strong. If price cut 136.60 there is now another resistance level before 140.00. So, let'be ready for action..
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