Tag Archives: forex price action

Forex: Usd Cad pair

Nice pin bar with nose stretching far out and eyes at the bottom edge of the bar.
Pin bar hitting confluence with the price pivot.
Usdcad pair has been a downward trend for a long time, it is only commonsense to take it downwards.

Follow up:
usdcadddFor those who have taken the pin bar on the earlier chart, it is time to take profit. Why?
Price has reach the support/resistance barrier. Look at the bar just next to it.
What you can do it you have taken the trade,
1) Take full profit
2) Take partial profit
3) move your stop loss to breakeven and let it run

There is no right or wrong decision. It’s just your trading style.