USDCAD Bearish setup 4hr

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis indicator chartpattern usdcad forextrading forexsignals forexanalysis forextradingzones priceaction

Reasons for trade:

- Price retesting resistance
- Bearish bias
- MACD cross going down
- Moving averages above price - not in order yet

Trade closed: stop reached:

In the region of 9-pips were gained on this trade and stops were at breakeven.

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