Sunday, July 21, 2013

EURJPY Price Action: Pin bar Trade Setup pulls significantly higher. Against Market Open, July 21, 2013

 On July 11th, I drew our attention to the Pin Bar Trade Setup on the pair and did a follow up on July 15. The pair has indeed continued to make higher prices as it now approaches its supply zone. It would be interesting to see how price reacts within this zone. Buyers could begin to scale out their long positions.

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