gibbsys

USDCAD Short Setup

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend: Long term Bearish
Structure: Support and Resistance / Buy & Sell Zones.

Plan: We look for price to respect the upper resistance zone and make a move to the downside.

There is some multi timeframe analysis with this trade as MACD on the 4hr chart looks like it will confirm to the downside.

TP is at 0.5Fib level

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