Bearish Pin Bar Reversal Pattern in GBP/AUD

A bearish pin bar reversal pattern formed on the 4 hour GBP/AUD chart. Additionally momentum reversed with the formation of the signal candle. Zooming out to the daily chart, we can see a potential shooting star pattern forming, also a bearish reversal pattern. The H4 pin bar pattern served as an early entry to this … Read more

British Pound Slips as BOE Leaves Rates Unchanged

Cable traded marginally lower after the Bank of England (BOE) held U.K. interest rates at 0.75%. All nine members of the Monetary Policy Committee (MPC) voted to keep rates unchanged. The central bank signaled that more than one rate hike is needed to keep inflation in check and updated its first-quarter 2019 gross domestic product … Read more