Monday, April 8, 2013

USDCAD Price Action: Inside Pin Bar Trade Setup, 08/04/2013

The last 2 trading days has seen price fail to close beyond the horizontal and dynamic resistances, with today's failure, leading to the formation of an Inside Bar Price Action Trade Setup. This scenario could lead price dropping lower into the near by support zone at about 1.0100. 

My Recommendation: Sell pair, with stops above recent highs.

1 comment:

Emmy said...

I took it but I came out yesterday