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USDCAD: Short Trade Explained

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
VasilyTrader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis Forex forecast signals trading Technical Analysis USDCAD
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trendanalysis chartpattern waveanalysis forex forecast signals trading technicalanalysis usdcad
snapshot

good morning traders,

short trade went active on usdcad this night.
reasons - retest of the broken support of the rising channel + overbought market on higher timeframe

stop - 1.3324 (above the lower high)

Initial target - 1.323

stop to breakeven after 1.3255
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