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U.S. Dollar / Canadian Dollar
Short

USDCAD STILL DROPPING

By tianmengdeng
Updated
I was trying to buy some usdcad yesterday, but it break a new low in daily chart.

So my plan is sell any pull back today and target supply zone which is around 1.295-1.298
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snapshot
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despite price hit the 1h trendline, i did not open the trade becoz i dont think it is a perfect entry to start selling.
on the contrary, i might say it is a good pulling back to buy according to 4H chart.
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snapshot
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For shorting plan, my entry point is 1.3182 based on the FIB0.618 and structure.
SL above previous high.
Trend Analysis
tianmengdeng

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