USDCAD fired off a Pin bar as price laboured in vain to pull higher from its recent rally which now looks likely to continue and maybe develop into a trend but in the mean time, we have a Pin bar at the dynamic resistance as price continued to face rejection from the upside. Pprice is now expected to fall into the horizontal support at about 1.0867.
The four hour chart below shows how we intend to trade this setup.
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