USDCAD presents a compelling selling chance! ๐
A prominent double top formation has emerged, punctuated by a neckline breach, a successful retest, and a resounding rejection at this pivotal juncture. The stars align for a favorable entry to ride the downside momentum.
๐งญ Leveraging the strength of the moving average and neckline, there is a confluence of resistances to strategically position our stop loss above above 1.35770 and trade safely.
๐ฏ Aiming for success, my take profit is located at 1.34200, while my target lies at 1.34700.
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