Wednesday, May 15, 2013

NZDUSD Price Action: Closing Price Reversal Price Action Setup. May 15, 2013.

1368655846-clip-32kb The massive bearish run on the NZDUSD has approached a halt with the formation of a Closing Price Reversal price Action Setup just above the horizontal support zone. This setup could trigger price rotation back towards Key Resistance where Price Action Sell Signals should offer more oppurtunities to rejoin the bears.

My Recommendation: Stay neutral and wait out the expected pullback.

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