jazzik
Long

Long USDCAD after bullish pin bar in horizontal channel

FX:USDCAD   U.S. Dollar / Canadian Dollar
UPDATE 15/04: Got the fill yesterday, stopped out today. Result -1R.

Horizontal channel support tested with a candle that ended up as a bullish pin bar .
Long knot shows a strong demand at these levels.

Entry in the middle of the pin bar . Conservative entry to get a higher risk/reward ratio.
S/L below the lowest knot of this channel (3/2/15).
T/P close to the highs of this channel.
R/R 2.57
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