Description :
Looking at the H4 chart, my overall bias for USDCAD is bearish as there is a descending trend line, Looking for a sell entry at 1.34628 where below the overlap support and the recent swing high We are looking to take profit at 1.32754, which is the recent swing low, Stop loss will be placed at 1.35202, where the recent swing high.
Trading Recommendation
Entry: 1.34628
Reason for Entry: recent swing high + descending trend line + 78.6% Fibonacci retracement
Take Profit: 1.32754
Reason for Take Profit:
Recent swing low
Stop Loss: 1.35202
Reason for Stop Loss:
Previous swing high
