Saturday, April 27, 2013

AUDUSD Price Action:Pin Bar Price Action Setup, 27/04/2013

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The Aussie closed Friday with a clear bearish pin bar price action sell setup as price failed to stay buoyant as it approached the dynamic resistances. Twice in two days, the dynamic resistances acted as a catalyst for sell triggers and with a close now, below the minor support, the road seems clear for more bears in the coming week.

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