Monday, August 19, 2013

NZDUSD PRICE ACTION: Stranded Pin Bar Trade Setup, August 19. 2013.

Just like we had with the GBPCHF on the 15th of August, we also now have a stranded Pin bar Trade Setup on the Kiwi. For three days in succession, Price has failed to close above the 0.8100 Psychological level with todays candle forming a Pin bar, an obvious bearish Trade Setup. However, the setup still needs further verification and another failed close above the 0.8100 could be the trigger.

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