Possible short-trade in USDCAD, as we can get some profit-taking in USD trade which is in my eyes a bit crowded as we speak.
In this case/setup, I have used 1H timeframe. As you can see, we have now retested earlier support as resistance and reacted quite nice. In that matter a short-entry should be set between 1.3320-1.3340 with a stop if 1h closes above 1.3360. Target is 1.3180 area, which is also 61.8% fib from recent lows.
Play safe and manage risk!
In this case/setup, I have used 1H timeframe. As you can see, we have now retested earlier support as resistance and reacted quite nice. In that matter a short-entry should be set between 1.3320-1.3340 with a stop if 1h closes above 1.3360. Target is 1.3180 area, which is also 61.8% fib from recent lows.
Play safe and manage risk!
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