DislikedHi People,
Just spotted this AUD USD Daily chart and wondered if there is any mileage in a potential Buy trade or not.
I know discussion before has focused on Pin location (Pins at swing highs/ or lows). My question is this Pin is within a continuation of the Dailly trend but at resistance. There seems to be alot of buying pressure here and if the pin is broken could be a nice opportunity?. What do you think guys? just thought I would throw this one in.
Regards
SteveIgnored
Careful on this one as this is not a pinbar(don't let the shape fool you). It's actual just an inside bar. A break of 1.04 should see 1.045 and then the BRN comes back into play.
Let me know if you are confused about the inside bar
Best
Mike