USDCAD: Short Trade Explained

2020-02-12 12:56:14

https://www.tradingview.com/x/ZUcKLsyr/

good morning traders,

short trade went active on usdcad this night.
reasons - retest of the broken support of the rising channel + overbought market on higher timeframe

stop - 1.3324 (above the lower high)

Initial target - 1.323

stop to breakeven after 1.3255