EUR/AUD Pin bar forms at key resistance level
Today a nice pin bar has formed at the key resistance level on the EUR/AUD daily chart. This is the 4th attempt in as many weeks to break through this level and so now this market is rangebound between the levels shown on the chart below.
An entry at the low of todays pin bar with a stop above the tail and target down towards the key support would give a nice 1:2 risk:reward ratio.
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Make your own trading decisions and best of luck.