USDCAD has been rallying strongly and hit a past resistance level forming a nice bearish deep crab. D extension formed at almost pip perfect 361.8% of BC On the two hour chart, a hammer was was formed a few candles back.. As I am a bit late, I will wait till next RSI overbought for confirmation to enter a short trade. Stop at 15 pips above D and take profit at the next support level indicated by the rectangle box.
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.