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pantheo
Mar 18, 2019 6:22 PM

Bearish pin at confluence area in aussie v dollar Short

Australian Dollar/U.S. DollarFXCM

Description

Retesting broken triangle apex
Comments
pantheo
Finally closed above bullish hammer mother bar of Mar 13th in this combo with fakey, so it's not considered a great bearish pin. This doesn't mean that it can't reverse down but needs attention. If one want to trade it, safest entry should be close to the highs of yesterday's pin according to relevant PA price action in smaller timeframes like 1H or 4H, where possibly a rejection at the level could appear. Cheers, P.

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