Tuesday, May 21, 2013

GBPUSD Price Action: Inside Bar Price Action Setup, pulls lower. May 21, 2013

 An Inside Bar Price Action Setup at the close of trading yesterday has sent the GBPUSD lower in today's trading. It is noticed that price made a few failed attempts to break above resistance thus the selloff. Price is expected to continue short into the next support zone at about 1.5040.

My Recommendation: Stay Short.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.

No comments: