USDCAD PRESSURE, VULNERABLE BELOW 1.3387

The Bullish Trend on the 4HRS chart is clear, according to price behavior, there's a violation (On 03.12.18: 06:00 Price made a LL1.) which means Buyers are not comfortable with current price level.
The least we are expecting is a correction of that violation, which should take price to 1.3183. If price break below 1.3183, we will keep our short open.
At this point, we will target 1.3183
Entry Short: 1.3387
Stop Loss: 1.3450

Comment:

To achieve consistent results; as a Trader your Job is:
You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times.
Practice and understand your strategy.
Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL).
Keep it this simple and you will not Fail.

Trade active:

Hourly Close below 1.3387

Comment:

Price behaving as expected, we manage to break lower, now London is about to open and a retest of key 1.2287. A break below tokyo low will add to the bearishness of the usdcad.

Comment:

1.3387 not 1.2287. Need morning coffee..

Comment:

We have a break lower. next level is 1.3254