Thursday, April 18, 2013

GBPUSD Price Action: Inside Bar Trade Setup, April 18, 2013.

 I advised going short on this pair if we could get a reasonable bearish push on the pair before London open yesterday, which eventually didn't happen. Instead, price moved and closed above the support line. Traders seem undecided on the next direction of this pair.

My Recommendation: Waiting one day to allow market decide on its direction.

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