USDCAD Trade Idea short
Updated
Starting off from the 4hr: Price continues to trade below the 200ema, making a double top.
Zooming in on the 1hr: possible scenario could be a) pullback to the breakout level, followed by bearish price action and enter short, or b) a breakout out of the consolidation area, with a possible retest and continue lower.
Zooming in on the 1hr: possible scenario could be a) pullback to the breakout level, followed by bearish price action and enter short, or b) a breakout out of the consolidation area, with a possible retest and continue lower.
Note
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