Tuesday, April 9, 2013

AUDUSD Price Action: Closing Price Reversal pulls off, 09/04/2013

I have had a lot of people call or email me to ask how I plot my horizontal lines or if I have an automatic plotter or something like that but Ive always given them the same answer; "NO"  The more you look at the charts and plot these lines, the better you will get.

The Closing Price Reversal Price Action Setup discussed yesterday has pulled off, piercing resistance at 1.0484. This is an indication of even higher prices, however, we could be faced with slight rotations back into dynamic and minor intraday supports.

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