Pin Bar on AUD/USD

Pin Bar on AUD/USD

In the near future, a technical correction is possible on the AUD/USD currency pair. Near the key offer zone of 0.80600-0.81250, a classic reversal pattern of the Price Action "Pin Bar" (D1 timeframe) was formed. The nearest support is the round level of 0.80000. We recommend you to pay attention to this situation.

If the price fixes below 0.80000, it is necessary to consider sales of AUD/USD. The closest target for fixing profit is the level of 0.79400. In the medium term, the currency may reach the support level of 0.78500. Confirmations and entry points to the market should be looked for on the lower timeframes. We recommend reducing risks. This transaction is counter-trend.

by JustForex, 2017.09.13

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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