Cad Strength Coming? - USD/CAD Ichimoku Short Trade

2019-11-18 06:33:59

This is a drawback setup on the 4 hour chart that I've zoomed into the 1 hour chart to take a closer look at.

My overall lower target aligns with the kumo cloud low we had recently.

It's simple enough to see the bearish move we've started to get here and this setup is looking to capitalize on this move down.

If we fail to break the resistance I've drawn for entry, or our bearish confirmations change, this setup may become invalidated.