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Thus, price broke down past the inside bar and mother bar low and continued to fall substantially lower over the next two trading latest news about forex trading days. The setup was in-line with the dominant near-term daily momentum.

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The pin bar itself was long-tailed, this means the tail showed a very forceful rejection of higher prices and it was also in-line with the fresh bearish momentum. The close of the pin bar was lower than the open and near the bottom of the.

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