FX_Trader_Analyst
Short

Getting paid for better entry- Short term Short - Long term Long

FX:USDCAD   U.S. Dollar/Canadian Dollar
97 0 0
Buy signal from 18.5 paid off quite well. Currenty trading at 1.24 leves - previous support zone now became resistance. Bearish pin bar at resistance levels supported by overbought Stoch on 4H chart suggest short term correction towads Fib 618 potentially Fib 50 levels around 1.224 - 1.228 levels.
This would be great chance to rejoin bullish trend from previouse days around 1.222 levels.

Conclusion:
Short term : sell at current leves with stop 1.255 looking for target at 1.222
Long term : Rejoin bullish trend at 1.222 levels
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