amishra36
Short

USD/CAD (1D) Multi-day Short

FX:USDCAD   U.S. Dollar/Canadian Dollar
- Rejection at 200sma on the daily
- Chuvashov fork break
- Rejection at 38.2% fib
- CURRENT weakness in the USD
- Oil             has a negative correlation with USD/CAD             . Oil             is currently trending bullish .

Possible supports:
- 200sma on the 4 hour
- Ichimoki cloud on the daily
- 23.6% fib retracement on daily

My first profit target is 1.29863 or the bottom fork/trendline, whichever is higher. A break of that and I aim to target the low of 1.24616 with a trailing stop loss.