Friday, April 26, 2013

GBPJPY Price Action: Fakey with Pin Price Action Setup, pulls off 25/04/2013

The Fakey with Pin Bar Price Action Setup pulled off gracefully as it hits resistance as shown above. This bullish move had been anticipated following the Inside Bar price Action Setup pointed out on 22/04/2013

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2 comments:

PAMM Account said...

Cant get exactly what do you want to say in this, can you please explain this in detail. I bookmarked your page and waiting for updates

Ahize said...

When price hits a significant resistance like that the GBPJPY hit in the analysis above, The natural thing is to look out for sell setups. The 4hr time frame gave good reasons to sell the pair.