USD.CAD - Day Trading Short Opportunity

Currency Pair: USD.CAD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live USD.CAD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Kommentera:

I expect price to find strong support at 1.2411
Although price rejected the 38.20% ( Daily TF ) there has been deceleration as it approaches 1.2411 previous support.