FX:USDCAD   U.S. Dollar / Canadian Dollar
- Bullish Hammer on 1H
- Rejecting lower demand zone @ 1.31000
- RSI putting upwards
- Bounce from 1.0 fib level

I don't normally incorporate RSI indicator into my strategy, as I have never found it that reliable. I will be testing it out against results and see if I can make any improvements.
Trade closed: stop reached: While I did have a relatively tight stop loss, price made big moves to the downside over night.

I had good reasons to take this trade, but it didn't work out this time.

Seems that it was more of a pullback than a reversal.


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