theforexguy
Short

Bearish Pin Bar Trade about to trigger on EURCAD daily chart

FX:EURCAD   Euro / 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.
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
thanks..
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shall I short now or wait
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