USDCAD Short Trade

USDCAD H1

USDCAD broke the channel and pattern looks bearish. 

Currently price is testing 200EMA and may bounce from here. 

Previously 200EMA has provided good support on pullbacks. 



I went short on break of channel at 1.0005 and will add more on bounces towards the channel's lower trendline.


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USDCAD H1

UPDATE ON: 20-Nov 4:20 GMT: Trade turned out very well and gave us few pips.