The AUDUSD fired of a lovely Pin Bar on the 4 hour chart during yesterdays session. This Pin Bar was with the clearly defined and obvious trend and at a logical pullback area. Price has now gone lower testing recent lows and giving traders a chance to take profit/move to break even.
This trade was covered in detail live in the members forum.
Price is now sitting on recent support. If this support breaks price would look to possibly fall into the next support range at the 1.0220 area. If price is to go higher a retest of the recent highs the Pin Bar is rejecting would be on the cards.
AUDUSD 4HR CHART
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