Friday, April 12, 2013

GBPCHF Price Action: Inside Pin Bar Price Action Setup, 12/04/2013

In its attempt to go bullish, GBPCHF broke through resistance at 1.4285 on the 21st March after it formed a Fakey with Pin Price Action Setup. Price has once again pulled back into the resistance which now tends to acts as support on the pair. An inside Pin Bar Price action setup ensures indicating a resumption of possible bullishness and if this setup pulls off, price would attempt to reach resistance at 1.4531.

My Recommendation: Buy pair with stops below recent lows.

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