Daily pinbar is traded

June 5, 2015

EUR/USD

Daily chart: So, it seems that yesterday the price started to pefrom according to O&U. We shall sale from the area 50% of pinbar (1.1290)

Í4: here bulls have a potential to respond: a good Inside Bar from the middle Bollinger band can break both pin and O&U. Fight is coming. Nevertheless, only when thr price moves above the yesterday's High (1.1379), we can consider North as the direction.

Í1: In its turn, we have god a bearish movement here: a pullback to the middle band whereas ADX is against. So, we shall be based on Southern expectations.

Expectations: hitting 1.1290 and declien to 1.1105.

Trading decisions:

1) Sell from 1.1290 to 1.1105 and 1.08 in the middle run.

Publication source
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