Bearish pinbar candle on the daily timeframe, previous resistance 8825is not support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below:
STOP: 8830
ENTRY: 8762 (38.2 fib retrace on candle)
LIMIT: 8558
RISK/REWARD: 3/1
Frustratingly stopped out by a few pips. Another bearish candle has formed this high and I might give it another shot
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