Sunday, August 11, 2013

GBPCHF Price Action: Ahead Market Open, August 11, 2013. Inside Bar Price Action Setup

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The trend on this pair is expected to change from bearish to bullish following the Price Action bearish rejection candle of the GBPCHF on Wednesday (marked break). The next two days had witnessed very little price movements (Inside bars) however, the bias on this pair has changed from being bearish to bullish. The pair could either break through the 1.4300 psychological level or rotate lower in an attempt to gain momentum at about the 1.4200 horizontal/psychological level.

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