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USD/CAD - Wait for this before going short by ThinkingAntsOk

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ThinkingAntsOk  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD CAD USDCAD short analysis Bearish Patterns setup dollar
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trendanalysis supportandresistance mtfa usd cad usdcad short analysis bearish setup dollar
4H CHART EXPLANATION:
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🔸 Price has reached a Major Resistance Zone, and was rejected there.
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🔸 We consider it has bearish potential.
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🔸 The target of the downside move is the first Support Zone, and, if it is broken, then the next one.
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🔸 We will look for a lower timeframe bearish setup only if the Ascending Trendline is broken.

DAILY CHART ANALYSIS:

snapshot
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