Price has now moved higher after forming a large Pin Bar reversal at a daily kill zone on the 4hr chart on the GBPCAD. This pin bar was in-line with the clear up-trend on the 4hr chart and sticking out and away from all other price like all A+ pin bar setups.
This pin bar setup was posted and discussed live as it formed in the members price action setups forum by Johnathon and the senior traders as a high probability price action trading setup.
Once price moved higher and broke the pin bar high it moved into the near term resistance. Price has now broken the close overhead resistance and moved into the logical resistance area which it is now testing as I write this post. If price can break this area, the next major resistance comes in around the recent highs at 1.6490.
GBPCAD 4HR CHART
nice