Here is my analysis for USDCAD, It is creating Lower Low and Lower High in 4 hours Time Frame and it has hit resistance zone on daily Time Frame and started downward movement, i am expecting price to keep on going downward. This is a swing trade, expecting 1:21RR.
Trade closed: stop reached:
we got stopped, i believe idea is still valid, SL was just tight, will look for re entry if saw confirmation