AUDUSD - 4hr Bullish pinbar on pullback
A bullish pinbar has formed on the 4hr chart. Looks like a pullback to fib 38% level. Good upside to the top of the range at 0.7670 - 80.
You could also consider an entry on a 50% retrace of the pinbar. I do find they often work, but I'm feeling more conservative at the moment so I'm entering on a break of the pinbar high.
You could also consider an entry on a 50% retrace of the pinbar. I do find they often work, but I'm feeling more conservative at the moment so I'm entering on a break of the pinbar high.
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Lost nerve and took profits when I noticed price retracing 16 pips before target. Otherwise a great trade.
