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The AUDUSD Bearish Pin Bar sent price lower during yesterdays session. Depending on where traders had their stop they could be still in this trade or taken out by a few pips.
Price has been consolidating over the last few sessions. The best play for traders not in this setup is to sit on the sidelines and let the market play it’s hand and give us more clues as to where price is wanting to go.
The trend is down so we would favour shorting with this trend in the traders favour.
AUDUSD DAILY CHART
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