Wednesday, March 20, 2013

GBPCHF Price Action: Fakey with Pin Setup, 21/03/2013

A Fakey With Pin Price Action Setup on the pair, off horizontal and dynamic supports could send prices higher in the coming days. Notice the New support had acted previously as reistance but had been broken and now tends to support the pair while it attempted to break lower again.

My Recommendation: Buy pair with stops below recent lows.

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