Monday, July 15, 2013

EURJPY Price Action: Pin bar Trade Setup pulls higher. July 15, 2013

 My trade commentary on this pair on 11th July spotted a Pin Bar Trade Setup on the pair, it also talked about the ascending trend-line as well as the pair being within its demand zone. The setup has eventually lead this pair higher but it now trades within its (Resistance) supply Zone. The overall trend still remains bullish unless we get significant Bearish Price Action Trade Setup at this zone, with subsequent confirmations at the lower time frames.

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