USDCAD Short

Price Action Day Trading

H4 Bias: Reversed into bearish

Broken H4 support level. Price has reversed from bullish movement. USD is expected to weaken due to bad economic news. CAD is stronger as the OIL price is doing well now. Price is expected to go lower.

Setup: Short trade at broken horizontal level as price is extremely sensitive at that level with SL above the level. TP targeting D swing low.