USD/CAD Waiting For Retrace To Short

This has broken below a support, it now offers a chance to short this further but we need to see a retrace first for an opportunity to enter the trade. A retrace to at least 0.382 Fibonacci is required, then if and when it rebounds the short can be entered with a target of 1.22500 with SL just above the support level.
Chart PatternsTechnical IndicatorsTrend AnalysisUSDCADusdcadanalysisusdcadforecastusdcadideausdcadsellusdcadsetupusdcadshortusdcadshortsetupusdcadsignal

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