Major Bearish Pin Bar At key Resistance: CADCHF Short
Update: First target hit, moved stop to break-even.
Closed second half at 0.8637, ahead of full target
Profit/loss(pips)=163
Yesterday's price action was really exciting, all gains were erased later on the session as price forms a major shooting star candle at this key resistance area. Hinting a potential resumption of the bearish trend. Be careful though, breaking and holding above 0.8865 shall be a strong bullish sign as it would indicate bulls have the upper hand.
Closed second half at 0.8637, ahead of full target
Profit/loss(pips)=163
Yesterday's price action was really exciting, all gains were erased later on the session as price forms a major shooting star candle at this key resistance area. Hinting a potential resumption of the bearish trend. Be careful though, breaking and holding above 0.8865 shall be a strong bullish sign as it would indicate bulls have the upper hand.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.