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Magnatrio

USDCAD swing Position and Setup

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Magnatrio  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis USDCAD usdcadshort usdcadanalysis usdcadidea usdcadh4 usdcadsetup usdcadswing usdcadswingtrade usdcadshortsetup
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trendanalysis indicator fundamental usdcad usdcadshort usdcadanalysis usdcadidea usdcadh4 usdcadsetup usdcadswing usdcadswingtrade usdcadshortsetup
As you can see, price dropped from a very strong order block around 125820, after breaking out of a bearish flag, followed by a strong trendline break. Im hoping to see price go even lower after that rejection on the EMAs. I am waiting for price to close below the current zone to open another position.

*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
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