We traded the Pin Bar Price Action trade setup on this pair on the 13th and made a nice 1:2 risk to reward on it. Now we are faced with bullish rejection at the previous horizontal resistance as well as the dynamic resistance. A pin bar formed at the close of trading on 15th March as well as these other slightly bearish candles give further credence that the bears could jump in and send prices lower.
My Recommendation: Bears are favoured.
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