looking to short #USDCAD if some criterias are being met
USDCAD which has been on a downtrend had broken our weekly support key zone now turned resistance, retraces coming back to retest, gives us a double top inline with our ema, rejection at 781 fib level, we will wait for it to break our ctl before looking to go short, but there are a lot of confluences inline already to make us consider going short. Knowing how to plot these key levels, knowing how to use your fib properly is key too.
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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.