OANDA:USDCAD   U.S. Dollar/Canadian Dollar
41 0 7
Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 3%
Reward: 7%

Reasons for Entry: Broke through a long term bullish TL, now retracing, shorting it at the 61.8% fib level, as this also correlates with a b
broken support zone .

Reasons for SL placement: Above recent highs and above the 78.6% level.

Reasons for TP placement: Slightly above the -0.27 fib extension level.



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