USDCAD Probable Short Idea
Hellow Traders.
At present, I have a short outlook on USDCAD . I am not, however, completely bearish , I have some reservations--- but, should price breakout "decisively" from the rising trendline , then I am completely bearish!
On switching to D1 timeframe, it looks like bulls are facing a resistance than the pair is in a consolidation. Thus, a probable nosedive may ensue.
Othwerise, let market dissolve all doubts.
All the best!
At present, I have a short outlook on USDCAD . I am not, however, completely bearish , I have some reservations--- but, should price breakout "decisively" from the rising trendline , then I am completely bearish!
On switching to D1 timeframe, it looks like bulls are facing a resistance than the pair is in a consolidation. Thus, a probable nosedive may ensue.
Othwerise, let market dissolve all doubts.
All the best!
Trade active
Trade closed manually
My view changed from bearish to bullish. See related idea.
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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.