Pin bar on daily chart of NZDUSD
Pin bars are strong reversal candle sticks; if the closes as a pin bar, we can go long; RSI and CCI shows that right now we are in a oversold condition and this pin bar could be a clue that a retracement is in near future. we can see CCI starts to reverse;
our first target is 23% fibo and second is 38% fibo.
our first target is 23% fibo and second is 38% fibo.
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