Wednesday, May 22, 2013

NZDUSD Price Action: Closing Price Reversal Setup, Hits TP (Support). May 22, 2013.

 This was a give away from my commentary yesterday. The Trade room came out with a healthy 1:2 risk/reward of about 100pips. The Closing Price Reversal Setup has hit Support, it remains to be seen if the support would give way. 

My Recommendation: Stay out and observe its price action at support.

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3 comments:

Anonymous said...

this is just perfect.
what are the settings of those moving avaerages?

samuel victor said...

this is just perfect.
what are the settings of those moving avaerages?

Ahize said...

8 and 21 ema's but its more than just the moving averages.