PIN bar on the EUR/AUD Daily chart

Notice the nice pin bar that formed last Thursday on the Daily EUR/AUD chart.

EUR/AUD Daily chart

EUR/AUD Daily chart

After its creation price during Friday flew 300 pips down – unfortunately without me, because I had a pending order to sell placed slightly above.

Price recently beautifully oscillates between 1.4587 and 1.4242.

I just wanted to show another example of how beautifully price action works in practice.



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