theforexguy
Short

Bearish Pin Bar Trade about to trigger on EURCAD daily chart

FX:EURCAD   Euro Fx/Canadian Dollar
The EURCAD             daily chart is in a clear downtrend. The market has retraced back up to re-test a previous swing high resistance level within the trend. Price respected the resistance level, rejected moves into higher price sand forced the market to close below it's open price for the day - creating a bearish pin bar.

The market is now breaking the lows of the pin bar, confirming the bearish momentum . It's likely we will see lower prices develop off the back of this setup.
imaxcare
2 years ago
shall I short now or wait
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theforexguy
2 years ago
That's up to you imax. if you think it's a good trade idea you can short and put your stop somewhere above the pin bar high.
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imaxcare theforexguy
2 years ago
thanks..
Reply
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