Yesterday breakout after ECB announcement seems to be a fake breakout. The daily candle creating a long "foot". Learn from the history, if there is a long "foot" like this, it's the sign of reversal. The price now is above MA 200 but below EMA 21. I guess, it's wait and see time now.
Comments
kmk.msp
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Its bullish pin bar for trend reversal
kaiserace13
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Is it similar with the candle on May 8? The difference is the May 8 candle is bearish pin bar?