[USDCAD] Short scalp entries

23 May 2018

We just came up to a previous level that has been tested multiple times and got a bearish engulfing candle. I do not see a harmonic here so I am only going for a quick scalp trade and then see what they market is doing. I am waiting on a .382 - .886 retrace and then another engulfing candle for entries.

Wait until price action retraces back up and then dips below moving averages on m5!