asferruzzi
Short

USDCAD pin bar opportunity

FX:USDCAD   U.S. Dollar / Canadian Dollar
71 0 1
Price appears to be in a range with price trading in between obvious support and resistance areas. Price recently approached area known to contain sellers. Higher time frames confirm down trend, overall my biased is towards bearish movement. Bearish pin bar has formed indicating sellers have taken control of price over the last 24 hours and if the sellers commitment is strong enough could push price down to the next area of support. Entry order could be placed half way of pin bar and target at next level of support. Reward is 2:1
Trade closed: stop reached: stop reached. I am still bearish about price and will be looking for short opportunities.
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