ShinForex1

USDCAD short setup!!!!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
we have confrimed that usdcad is overall in upward trend. but we shall see price have a steep retracement after a long run up. based the the fib level on the daily we shall se price retrace to about 61.8% which is 1.3610

On the h4 and h1 we follow the counter trend line for a downward trend and we see break of structure and now retracing about 32.8% fib level for a continuation to downside my target is around 1.3700 for 1.3600