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UnknownUnicorn772665

USDCAD Short Trade *BEARISH W PATTERN*

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
UnknownUnicorn772665 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Trend Analysis Wave Analysis USD CAD USDCAD Oil oiltrading Fibonacci Retracement
3
1
chartpattern trendanalysis waveanalysis usd cad usdcad oil oiltrading fibonacciretracement
Simple bearish W pattern trade on USDCAD.

Price is rejecting this 4hr resistance zone and the fib 0.5 level has been respected. Nice wick candles forming to show this level is holding quite a few short orders.

I am targeting the Fib extension level down around the 1.32 key support zone.

I will manage this trade accordingly and move to risk free when bearish momentum comes in.
Trade active
Trade closed: stop reached
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