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asferruzzi
Sep 1, 2016 11:06 PM

USDCAD pin bar short opportunity Short

U.S. Dollar/Canadian DollarFXCM

Description

Price appears to be in a trading range and is now in an area known to contain sellers. A recent bearish pin bar has formed indicating sellers have regained control of price and may push price down to the next support area. Price is also at the same area as three major previous swing points. Entry could be placed half way of pin bar candle and profit target set at next area of support. Reward is over 2:1.

Order cancelled

Order closed as price did not reach entry price
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