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.
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