Friday, April 5, 2013

EURUSD Price Action: Closing Price reversal/break out 05/04/2013

EurUsd broke out of a 6days trading day range at the close of the days trading session with a Closing Price Reversal Price Action Setup. This seems to be a clear pointer to higher prices in the coming days. I did mention that I would be hesitant on taking any trades on it yet based on 03/03/2013 Closing Price Reversal Trade Setup and we now see why.

My Recommendation: Look out for long entries on the intraday time frames.

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