USDCAD DAILY SHORT, bearish pin bar and downtrend line rejected
USDCAD has shown brief consolidation at the long term downtrend line before providing a bearish pin bar which has lead us to the trade setup where we anticipate it reaching a previous floor that has been bounced up from twice.
SL - 1.32636
TP - 1.30558
SL - 1.32636
TP - 1.30558
Trade closed: stop reached
Huge spike in USDCAD hit the SL and closed the trade for a 1 X risk loss
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.