GBPCAD: Bearish Pinbar at Key Support Level
Price has reached a key resistance zone where we see multiple rejection. In that level we also see a 1.27 extention fibonacci level of 1.8248 - 1.9209 leg. A bearish pinbar has formed giving us a nice short trade setup.
Trade should be taken in two units.
If price reaches the first target we move stoploss to breakeven at the other one.
Trade should be taken in two units.
If price reaches the first target we move stoploss to breakeven at the other one.