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Euro / U.S. Dollar
Short

Pin bar reversal

By asferruzzi
Updated
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.
asferruzzi

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