Technician
Short

Major Bearish Pin Bar At key Resistance: CADCHF Short

FX:CADCHF   Canadian Dollar/Swiss Franc
234 1 2
Update: First target hit, moved stop to break-even.
Closed second half at 0.8637, ahead of full target
Profit/loss(pips)=163

Yesterday's price action was really exciting, all gains were erased later on the session as price forms a major shooting star candle at this key resistance area . Hinting a potential resumption of the bearish trend . Be careful though, breaking and holding above 0.8865 shall be a strong bullish sign as it would indicate bulls have the upper hand.

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Closed at 0.8637
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