USDCAD might be on its way down if it stays below key resistance
Updated
USDCAD is currently retesting Daily key level of 1.31850
Currently awaiting Daily closure if it can close below this daily level. If it does, it indicates potential
big downside movement on this pair.
We can see it also retested structure on H4 and rejected important fib level on 61.8 Price Reversal Zone.
If it pump through the daily key level and Fib PRZ + resistance on H4 level will not hold, this trade will be inactive.
Let's end the week strong guys. Good luck and dont forget to trade with proper Risk and Money management.
Currently awaiting Daily closure if it can close below this daily level. If it does, it indicates potential
big downside movement on this pair.
We can see it also retested structure on H4 and rejected important fib level on 61.8 Price Reversal Zone.
If it pump through the daily key level and Fib PRZ + resistance on H4 level will not hold, this trade will be inactive.
Let's end the week strong guys. Good luck and dont forget to trade with proper Risk and Money management.
Trade closed: stop reached
Bullish momentum was too strong for bears to take over. SL hit. Trade closed
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