Monday, March 18, 2013

EURJPY Price Action: Pin Bar Trade Setup gaps down 19/03/2013

The setup on this pair was simply perfect to go with the bears but unfortunately, we had a huge gap and many traders didnt have the chance to milk it. Many would have noted that I almost called it a bread and butter setup from the way I sounded about it in my last commentary on Friday 16th March. I expect the pair to trade lower in the comming days.

My Recommendation: Look for entries to sell the pair on intra-day time frames.

No comments: