Our previous Fakey with Pin bar Trade setup on this pair seems to have run to a conclusion. Higher prices were rejected as price attempted to break above resistance at about 1.0485. A Pin bar trade setup ensures as a result, which could send prices back down into support.
My Recommendation: A day's wait is necessary to ascertain the true nature of this setup.
2 comments:
Morning Chris, price could not break resistance after all am in a sell with 1:2
Thats nice, I will decide on the entry tonight.
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