EUR/USD moved higher today in the earlier session but failed to close above 1.3416 key resistance zone.Our directional bias remained bearish as long as we continue to get a close below the key resistance level mentioned earlier.The price action in the coming week will clarify our directional bias.
GBP/USD closed lower today after earlier session flirting with higher price.The bearish pin bar formed has a probabilities of continue the rotation into 1.5417 neat term support zone.
NZD/USD continues it ranging momentum by forming a pinbar on friday at the key support zone.Though it was a bearish close, it formed at the key zone.We are looking forward to price action reaction around this zone in the coming week.
USD/CAD formed a counter trend pinbar on friday from key resistance zone.We agreed that trading a counter trend setup require experience and also must fullfilled our confluence standard
1. it must be obvious and clean
2.it must formed at key zone
GBP/USD closed lower today after earlier session flirting with higher price.The bearish pin bar formed has a probabilities of continue the rotation into 1.5417 neat term support zone.
NZD/USD continues it ranging momentum by forming a pinbar on friday at the key support zone.Though it was a bearish close, it formed at the key zone.We are looking forward to price action reaction around this zone in the coming week.
USD/CAD formed a counter trend pinbar on friday from key resistance zone.We agreed that trading a counter trend setup require experience and also must fullfilled our confluence standard
1. it must be obvious and clean
2.it must formed at key zone
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