H4 Reversal Pinbar and H1Bearish Shadow on EUR/USD Profit 26 Pips! 20150914(1 min read)

The EUR/USD gave a great opportunity today for going short. The pair shows a nice 4H pinbar on Fibonacci resistance and reversed from there. If you zoomed down to the 1 Hour chart as on this picture you see the Bearish Shadow candle igniting this move lower.

In addition it also broke uptrend line support. It now has moved lower into the 60 EMA area and also down into Multiple Fib support 38.2 level of last move down and 38.2 of the last move up. Price still can move lower perhaps on a bit retracement up.

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