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USDCAD - Mirror Image of NZD/USD

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
themdtrader  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Support and Resistance USDCAD downtrend breakdown short Forex
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trendanalysis chartpattern supportandresistance usdcad downtrend breakdown short forex
Just opposite to the performance of NZD/USD since August 15th at least, CAD/USD has been trending downward and it has challenged its support level with a breakdown after failing to overcome resistance at the 1.31038 level. This is a short signal to me, but let's see how it goes!
Entry point and Stop level indicated on the chart. Profit target will be taken discretionarily (no set target).

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