Im Looking at all the CAD Pairs at the Moment, really promising.
SO WHAT DO WE HAVE HERE :
--> RSI OVERBOUGHT --> Channel Resistance (red dotted) --> Structure , check the left Side! --> Downtrend! Looking for Continuation! --> Fibonacci Extension move at 2.618!
Targets as in the Chart, T1 and T2. If T1 reached, Trade to break even and try to get it to the T2 for the Resistance Area. you COULD aswell look for Targets with the Fibonacci Retracment Tool! :)
Have fun Guys, Good luck and tell me what you think!
PS: I do not take responsibilty for any trades, just my ideas :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.