USDCAD MARKET ANALYSIS 4H TIMEFREAME

Short opportunity on USD/CAD. Wait for price to make a momentum breakout of trendline & turning points before entering short.

SL 45 PIPS & TP 90 PIPS ( 1:2 RRR) | FIRST TP IS RBS ZONE, MONITOR PRICE AT THAT ZONE. IF BREAKOUT HOLD SELL. IF CRS FORMED EXIT TRADE

Why I want to take a short trade on this pair?
1. USD index is bearish @ going downtrend
2. All XXX/USD pairs already going downtrend but not USD/CAD
3. Breakout of a trendline will indicates seller is in strength
4. Price is in resistance zone
5. Breakout of low turning points also indicate seller is in strength

FOR AGRESSIVE ENTRY CAN ENTER THE TRADE IF CANDLESTICK REVERSAL SIGNAL FORMED AT THE RESISTANCE AREA.

TRADE AT YOUR OWN RISK. IF YOU HAVE ANY OTHER OPINIONS FEEL FREE TO SHARE HERE! THANK YOU! :D (This is my first trade ideas published, need feedback TQ!)