USD-CAD TREND CONTINUATION SELL OPPORTUNITY
USD-CAD PAIR HAS BEEN ON STRONG BEARISH TREND SINCE 22-MAY -2020. PAIR HAS NOT GAVE US ANY SIGNAL SINCE THAN SUGGESTING RETRACEMENT TO THE UP SIDE. SO, WE CAN PREDICT THAT PAIR MAY CONTINUE IT'S PREVIOUS BEARISH RUN. ON H-1 CHART PAIR HAS FORMED DESCENDING TRIANGLE, WHICH USUALLY BREAKS TO THE DOWN SIDE. TRADERS SHOULD WAIT FOR BREAK OUT FROM THAT TO THE DOWN SIDE AND SHOOT FOR THE TARGET UP TO 1.3300 EVEN HANDLE NUMBER, WHERE PAIR GOT STRONG RESISTANCE IN NOVEMBER-2019, FEBRUARY-2020. STOP LOSS SHOULD BE ABOVE TRIANGLE RANGE AROUND 1.3455 AREA.
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