Tuesday, March 12, 2013

USDCAD Price Action: Fakey with Pin 13/03/2013

I had been short based on the Inside Bar Trade setup as shown above but started having doubts when the fakey with pin trade setup appeareed on the charts 2 days back. My short entry is now closed and I wait to see if I can get in on the bulls based on this setup which remains valid as long as the low of the Pin Bar is not pierced.

My Recommendation: Lets wait out this trade

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