USDCAD short
Price in a downtrend touched support and bounced up to 4hr 200ma and found sellers. I was originally expecting price to find resistance at the 4hr 50ma but got higher. now its on its way down and to confirm this trend continuation, Price has formed a 3 candlestick reversal pattern on the 4hr timeframe. price has also closed below the 4hr 50ma.
Stop loss above the 4hr 200ma and break of downtrend structure.
TP1 previous support at 1.38 level and TP2 at 1.3675 Next market structure level as price attempt to reach the 200dma
Stop loss above the 4hr 200ma and break of downtrend structure.
TP1 previous support at 1.38 level and TP2 at 1.3675 Next market structure level as price attempt to reach the 200dma
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