USD/CAD currently sits at a resistance point created by the downtrend and is showing signs of a triple top formation taking place. Use lower timeframes to enter a short position and wait for the profit targets to be hit.
Note
First fib level reached.
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Disclaimer
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.