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mdergacz
Sep 13, 2014 8:23 AM

EUR/USD Looking for Pullback before trend continuation Short

Euro Fx/U.S. DollarFXCM

Description

With the Pin Bar forming on the weekly chart, I will be looking for a pullback towards previous support of 1.3120 area before the trend to continue.

Will be looking at an obvious price action signal in this area to enter a short position down to the next key support of 1.2780 area.

However with this Pin Bar forming as a Counter trend Pin Bar, it is possible that this could fail and the trend continue.
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