Tuesday, August 13, 2013

AUDUSD PRICE ACTION: Closing Price Reversal Trade Setup. August 13, 2013

The Aussie raced high and quite quickly all through the previous week after a Pin bar price Action Trade Setup. It however met a brick wall as traders bought deep into its supply zone. A closing Price Reversal Trade Setup, ensured, after price made a failed attempt to break through the 0.9200 Psychological level to the upside. Subsequently, the pair is gradually losing it bullish strength. However, it still has reasonable potential at resuming it bullishness from about the 0.9000 level. 


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