Sunday, June 2, 2013

AUDUSD Price Action: Hits Key Support. Against Market Open, June 2, 2013.

On Wednesday we had a counter trend Pin Bar on the Aussie which is yet to pull off Significantly. Though the trend is bearish, there are indications that this trend is coming to an end as Price has approached a key Weekly Support. However, Price Action Sell entries would be sort on rotation back into Resistance as shown above.

My Recommendation: Close all previous sell entries.

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