USDCAD short opportunity on 1Hr timeframe

Di talalzebian
Aggiornato
A decent short opportunity on USDCAD which continues its downtrend on the 4Hr timeframe. The pair just bounced off a strong resistance level with RSI being overbought. We are looking for a retest of the previous structure low with around 1.5 RR ratio.

If price moves upwards and crosses 1.3271 then the previous outside return will be violated and the Bearish trend will come to an END.
Trade chiuso: obiettivo raggiunto
Massive +76 pips from this beatufil entry
Support and ResistanceTrend Analysis
talalzebian

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