Wednesday, March 27, 2013

EURCHF Price Action: Counter Trend Pin bar Setup, 28/03/2013

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The eurchf gave off a counter trend pin bar on its horizontal support, at the close of today's session. It is a very interesting scenario because just 2 days back, I had ran a commentary on the fakey with pin Trade setup on the pair and the Trade Room had gone short based on that setup. We will hold the short position entered earlier and see how traders react to this counter trend Pin bar Setup

My Recommendation: If you are short already, remain short

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