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Thursday, April 4, 2013
AUDCHF Price Action: Pin Trade Setup, pulls off. 05/04/2013
In yesterday's commentary, I pointed out that it was safe to sell this pair with stops above recent highs based on the Pin Bar Trade Setup spotted on it. The trade has pulled off significantly. I expect even lower prices in the coming days selling price rotations back into the new resistance as indicated in the chart. Notice that I have my horizontal lines re-drawn, this is a major aspect of my Advanced Price Action Course.
My Recommendation: Stay bearish
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AUDCHF
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