Hello there,
A lot of you guys are using pin bar term very abusively,that pin bar forming on USD/CAD is more like a bat.
I know it formed at the low of the range and is has a low with long term TL and has great confluence.
But one big thing look at the nose it is very small compared to the body,i won't be surprised if day close ruins its shape a little as it just bumped into an S/R line up there.
I'm saying don't play the retrace of this pin,instead play the break.
To you raghav wait for price to sneak above 1.100 tommorrow then you will surely get a strong PA to go long,but don't bet on retrace here as the pin might run up hit 1.100 and then get you knocked out.
It may work,but is not true rejection i would want atleast an 90 pip nose there.
The simple rise makes me feel people were selling and we just hit a support.
Play break,ie wait for close above 1.100 you will get PA on 4 hr chart to go long from there.