Kiwi pin burned price action forex

Posted by on Aug 13, 2012

By David Ruscelli

Hello guys, quickly update of the forex markets for trade with price action.

Recently price action give many many false signals, all signals has been in trend, all on support or resistance, all good and beauty, and all burned.



An example is Kiwi NZD/USD, it’s dollar against New Zealand, it burned yesterday’s pin. In this case who was conservative and placed a pending order on the break of the yesterday’s candle didn’t lose beacuse order hasn’t been triggered. Now take out the order and watch what happen.




The gold stay under the resistance, it feel the resistance very much, It stay under the range we discussed many times, from 1630 to 1530.




That’s it for today. Have a good trading!


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