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UnknownUnicorn772665

USDCAD Short Trade Scale In *INTRADAY TREND CONTINUATION*

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
UnknownUnicorn772665 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD USD CAD shorttrade Fibonacci Retracement
10
2
trendanalysis chartpattern waveanalysis usdcad usd cad shorttrade fibonacciretracement
Potential short trade entry on USDCAD this morning. This is a scaling in opportunity after my original short entry from 2 weeks ago. (see linked ideas).

Price has made lower lows on the 4hr timeframe chart, broken the support level at 1.32620 and is now retesting this zone. Alos here is the 0.618 fibonacci retracement level.

I believe price will now make a lower high before continuing down to make lower lows and reach the daily/weekly support at 1.30500
Trade active
Comment:
Profit Target 1 tapped
Trade closed: target reached:
Final profit target reached at 1.30500 daily support

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