DislikedMorning Mike / All, I'm starting to have a look at BEOB's - any comments on what I have drawn out here? Thanks. {image}Ignored
Question: Is this a. two bar pin bar on the weekly chart of AUD/USD, b. Is this a good one?
Yes it is a two week pinbar, but the location isn't great Dustbin, you really need them at highs and lows, it's all kind of sideways there and as you've pointed out there's two highs right on top of it.
I've arrowed a couple of other two week pinbars, whilst not A+ bars the locations are a lot better. Also look for some confluence, like the MACD divergence on the two week pinbar at the very bottom.