marvinnavarro
Long

USDCAD Inside Bar Set-up

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             has been trending down for almost 3 months and for the last 4 days of trading activity it showed some strong bullish retracement forming a 2-day Inside Bar Set-up with a Pinbar Inside Combination. Usually a sign of an Upward momentum . Ideally a Buy-Stop order at the High of the 'Mother Bar' to catch the upward move with a stop loss on the low of the current bar with a 1:1 tight RR Ratio for a Counter-trend Move.
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