first chart usdcad1H continued. We see spike into round number December 21, pullback into the MA's, possible long entry. price can not make it at the previous high and we see it falling below the MA's, quite bearish sign, MA's are flattening also. make's double top 12-28, lower highs , be ready for a short. You will find a few very nice entries short on 15M also. Hope it's clear. By the way you do not need to follow the 1H chart on lower timeframes; they have their own cycle for example you can short on the 1H and take a long on 1 or 5M at the same time. More later.

cheers M.