The Fakey Setup on the AUDCHF from the close of trade last week has come off quite good on the pair with this week closing as a bearish outside bar. Expectations are for even lower prices in the coming weeks.
You could enroll for my Price Action Course to know how best to trade these Trade setups like the fakey, Pinbar, outside bar etc.
We can see that following the daily Pin Bar Trade setup discussed on the 04/04/2013 and its subsequent break of Support on the 05/04/2013, price has fallen significantly lower into Key support. Rotations back into intraday/daily resistances could now follow in the early part of the week.
My recommendation: Sell pair on roatations back into Daily/Intraday resistances.
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