Tuesday, July 2, 2013

GBPCHF Price Action: Pin Bar Price Action Setup. July 2, 2013

 GBPCHF made a futile attempt to close above immediate resistance but was rejected and faced a sell-off subsequently from the combined effort of the horizontal and dynamic resistances, leading to the formation of a Pin Bar. This Price Action Setup should interest sellers , therefore price could tumble lower in the coming days. Immediate support is seen at about 1.4315.

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