TheAnonymousBanker

USDCAD: Sell the rally in short term?

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
We already used this pair for some trades last week (see chart below), but from my point of view, it still remains interesting in the short term.
From a technical point of view, USDCAD pair is developing something of an impulse structure (12345) on hourly chart, and my idea is to try to take a short position on the last impulsive wave (5) with a first target area around 1.3526.

OUR LAST SETUP
(Click & Play on chart below)
Note: Updates will follow below.

Trade with care!
Like if my analysis is useful.
Cheers!
Trade closed: target reached:
TP1 hit ❤

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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
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