Wednesday, May 1, 2013

GBPUSD Price Action: Pin Bar Price Action Setup, 1/05/2013

 The Cable has been on a very dominant bullish run but appears to be slowing at this time. Today's candle closed as a Pin Bar, but going by the strength of this trend, it would be safer to wait for rotations back into supports to join the more dominant bullish trend. However, if price continues higher, we will look to make sell entries pending price Action at resistance just above.

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