Wednesday, May 22, 2013

GBPUSD Price Action: Inside Bar Price Action Setup, Hits support. May 22, 2013

One of the benefits of making trading decisions off the daily time frames is that all the minor and some times very volatile fluctuations inherent in the intra-day time frames would be none of your concern, evident in today's trading. Despite all the hush and flush, prices still respected the major trend. GBPUSD has hit support following its Inside Bar Price Action Trade Setup. I had recommendeed that Traders stayed short based on this setup and the result from just yesterdays entry would have been about 100pips.

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