Pin bar reversal

FX:EURUSD   Euro / U.S. Dollar
51 0 4
Price is currently trending down. Pin bar has formed at an area of pull back and at an area of support and resistance . Price also rejected the 8 day MA. Limit order is placed conservatively at half way of the pin bar range, waiting for a retrace of price. Risk to reward is 2.
Trade closed: stop reached: Price pushed higher to a previous resistance level, reaching stop price.
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