USDCAD Potential Short Opportunity
Price broke through the trendline on the 4hr with a large bearish candle. Price is now in a sell zone, if we get a retest of the trendline along with previous structure I am looking to take this pair short. For more conservative traders a solution is to wait for the daily candle to close below the trendline.
Target is the 1.618 Extension to the downside, which corresponds with structure.
Stop is above previous swing.
Target is the 1.618 Extension to the downside, which corresponds with structure.
Stop is above previous swing.
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