USDCAD DAILY SHORT, bearish pin bar and downtrend line rejected

USDCAD has shown brief consolidation at the long term downtrend line before providing a bearish pin bar which has lead us to the trade setup where we anticipate it reaching a previous floor that has been bounced up from twice.

SL - 1.32636
TP - 1.30558

Trade closed: stop reached:

Huge spike in USDCAD hit the SL and closed the trade for a 1 X risk loss