Joshua20

AUD/USD 4H Bearish Pin Bar

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUD/USD has strong bearish momentum at the moment and an opportunity to get into this bearish market has just arose on the 4H chart.

Prices have tested the .82000 level on the chart after a pullback. This is a perfect opportunity to get into this trade short. The pin bar isn't the biggest or the best but it does show rejection of higher prices. Couple that with a strong bearish market as well as a round number of .82000 and you have yourself a pretty good trade setup!