EURAUD bearish pin bar opportunity

Price is trending down on this 4 hour and higher time frames. Pin bar formed on recent retrace, price pull back to previous support and 50% Fibonacci level. Entry placed half way on trigger candle, stop loss placed beyond previous support, profit target placed at next support level. Risk to reward 2.5.

Komentar:

Order cancelled after the trigger candle entry price was not reached within the 4 hour period, price continues onto stop loss if the trade had been taken.