Thursday, March 21, 2013

GBPCHF Price Action: Fakey with Pin Setup, pullls off: 22/03/2013

At the close of the trading day yesterday, I drew attention to the Fakey with Pin Price Action Setup available on the daily chart and recommended going bullish based on the setup. The pair closed higher at the close of today;s trading. Even higher prices are expected in the coming days since the pair has successfully broken from 1,2,3 bottom signifying the end of the previous down trend. 

My Recommendation: Stay bullish

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