Jurij
Short

GBPCAD Bearish Pin Bar Setup 4H

FX:GBPCAD   British Pound/Canadian Dollar
Price formed a pin bar from key resistance which could lead to more downside.
The only downside of this setup is that the price action is on the lower end of the curve, making it a bit more risky.
But on the other side we are very high on the weekly chart price curve and possible the swing high top is already in place.

Entry on break of PB             low and TP at 2R. Break even at 90% of TP.
Jurij
a year ago
UPDATE: setup cancelled as pin bar has been invalidated
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