Charlieab94
Short

USDCAD Short Trade *TRENDLINE BOUNCE*

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Nice consolidation forming on USDCAD and now I think its ready to drop again.

Price has rejected the 1hr 50ema, Fib 0.382 retracement level and the bearish TL (3rd touch).

Looking for new lower lows to be made now.
Trade active
Comment: Nice bearish momentum candle. I will look to move my stop loss to breakeven soon to remove exposure.
Trade closed: target reached
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

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check out my blog for more analysis https://diaryofafinancekid.com/blog/
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