AUD/USD: pin bar discouraged bulls

AUD/USD: pin bar discouraged bulls

2019-11-11 • Updated


SELL 0.7755 SL 0.781 TP1 0.768 TP2 0.7655

BUY 0.781 SL 0.7755 TP1 0.79 TP2 0.7985

On the daily chart, AUD/USD keeps forming “Three Indians” and “Wolfe waves” pattern. Bulls managed to leas the pair outside of the medium-term downtrend and return it inside the long-term uptrend channel. At the same time, the fighting continues, and formation of a pin bar gives bears hope for a comeback.


On H1, the return of the pair to the middle of the consolidation range of 0.7740-0.7770 will allow speaking about the “Shakeout-Fakeout” pattern.



AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera