Monday, April 22, 2013

USDCAD Price Action: Fakey with Pin Price Action Setup, 22/04/2013

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The Loonie was sold off as it attempted to cross through 1.0285 (a very Significant Resistance) with price eventually closing below last fridays closing price, forming a Pin Bar in the process. The pair had been expected to push higher as a result of the previous 2 Pin Bars. This present Fakey with Pin Trade Setup could push prices lower into Minor support at about 1.0210. 

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