USD/CAD Short idea

indicators:

1. in Time Frame Daily:

we can see that this pair is in a downtrend following a strong channel and in the past weeks,
we saw that the price reach the top of the downtrend with a Higher low.

2. in Time Frame H4:

we saw the past week, the price broke strong support and giving us a Bearish candle.

3. using Fibonacci Retracements from the beginning of the Bearish movement, I analyzed that
the 50 key level is strong support in the past and im waiting for current respect as resistance for confirmation.

Trend AnalysisUSDUSDCAD

면책사항