EURAUD short - Supply Demand Setup h4, Pinbar

Hello Traders !

Today we will have a look on EURAUD. Kind of a nice setup. We pushed down from a h4 Supply Zone and the price formed a new one. Now we got a pinbar which could lead to a nice correction in order to grab more liquidity.

Pinbars:
This kind of Candlestick is made by the banks because they took profit of their trades. Therefore most of the time price will reverse or will make a little correction before continuing the Trend.

Setup:
Now we could see a nice correction from here to the h4 Supply. There I would take short if we will get a Price Action Confirmation. The h4 Support Line will be my Take Profit Area.

That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.

Thank you and we will see next time
- Darius.