GBPCAD - Pinbar rejection of trendline & 50% retrace

Long

British Pound / Canadian Dollar (FX:GBPCAD)

Updated

FX:GBPCAD British Pound / Canadian Dollar

A nice pin bar has formed at the trend line with confluence with a 50% retrace. Also the pin bar is piercing the lower bollinger band.

Keep an eye on what's happening with CAD pairs. Other CAD pairs are rallying but GBP looks stronger.

Trade closed manually

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