Daily analysis on USD/CAD using support and resistance.

Short

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

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis chartpattern beyondta daily priceaction

I decided I am shorting the pair now after doing my analysis on the daily time frame, as you can see price has bounced from the resistance. I was always told to check daily then move onto lower time frames, however i forgot today. SORRY.

Trade closed: stop reached:

Should've stuck with my previous analysis. Fortunately I stuck with my risk management plan :)

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