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BigBoss88

USDCAD Short

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
BigBoss88  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis
4
0
supportandresistance trendline mtfa
Hi!
USDCAD is bearish and it has reached the top of a descending channel.
We can also see on the RSI (thanks WhentoTrade) that it is overbought and ready to drop.
SL is ~10pips outside the previous high. TP I'm aiming for closest support.
RR 2

Let me know what you think!
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