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May 11, 2014 11:02 PM

2014/05/09 (Friday) Price Action Short

British Pound/Australian DollarFXCM

Description

The down trend still strong after a 13 day retrace and strong 5 day rejection at resistance.

It is also keen to note a nice rejection off of the 8-21ema today as well.
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I will take shorts upon valid price action.
Earliest signal option will be Monday NY Close.

On Monday:
Inside bar or pin bar from 8-21 EMA area, set pending on close or low of Friday's bar.
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