USDCAD Daily Pin Bar from Resistance Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 3, 2015 10:30 PM

Price formed a bearish daily pin bar signal from resistance.
Price could continue lower to next support.
Possibly a new downtrend is developing because we had a lower low and lower high, breaking previous support levels.

Entry 50% retracement
TP 2R
B.E. 90% TP