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MitchellShoesmith

USD/CAD - POSSIBLE SHORT

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
MitchellShoesmith  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD short breakout support Support and Resistance consolidation correctivestructure
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usdcad short breakout support supportandresistance consolidation correctivestructure
On the one hour time frame we have a breakout of the corrective structure / consolidation period to the downside, however now we're touching a key support of 1.33600. I will look to see what PA does around this area to see if i can get an entry. If we bounce i won't take the trade long. However if we break below support, i will be looking for a retest before going short.

Target: 1.32500

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