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Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.
Potential Trade Idea: EURUSD Giant Bearish Pin Bar Sell Signal – May 2nd, 2019
All charts illustrated are daily charts unless marked otherwise.
Trend: Very Bearish
Key Levels: Resistance 1.1490 and 1.1265. Support 1.1110
Price Action Signals: Massive bearish Pin Bar reversal setup forms overnight.
Chart Notes: A strong bearish bias remains intact and we continue to prefer selling into any strength whilst prices are contained below 1.1490 resistance. The downside move targets the 1.1110 area and potentially lower.
Potential Trade Idea: We will consider selling short from the most recent bearish Pin Bar reversal setup, targeting a move back to the recent low at 1.1110 and then potentially much lower.
NOTE – You can trade EURUSD via the preferred trading platform we use HERE.
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