MoellerFX
Short

USDCAD Potential Short Opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
Price broke through the trendline on the 4hr with a large bearish candle. Price is now in a sell zone, if we get a retest of the trendline along with previous structure I am looking to take this pair short. For more conservative traders a solution is to wait for the daily candle to close below the trendline .

Target is the 1.618 Extension to the downside, which corresponds with structure.

Stop is above previous swing.
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