Thursday, May 23, 2013

EURJPY Price Action: Pin Bar Price Action Trade Setup. May 23, 2013.

The yuppy sold into into support and was subsequently faced with quick profits taking. This resulted in the formation of a Pin Bar Price Action setup. The major trend on this pair is bullish and the Pin bar has occurred right at the confluence zone. This looks like a decent bullish signal which could send prices higher in the next few trading sessions.

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