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danresdidualfx

Potential trade setup: USD/CAD analysis

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
danresdidualfx Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators confluences Fibonacci Retracement reversal institutionallevels priceaction
5
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trendanalysis chartpattern indicator confluences fibonacciretracement reversal institutionallevels priceaction
Price retraced to the expected region, awaiting for spikes towards the highlighted region for potential short entries. the 1.3450 zone is a key 61.8% retracement region with the counter trendline acting as additional confluence, price is currently trading within a 4HR consolidation box if the candle closes below to the downside, then we can expect the price to show further momentum to the downside.
Trade closed: target reached

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danresdidualfx
Potential trade setup: USD/CAD analysis
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