Hello traders! USDCAD testing the descending channel resistance, this could be a potential sell opportunity with a good RR ratio!
DXY:
To confirm this trade, we have to wait for the uptrend breakdown and more price rejection in this area
- Price is facing a 200 ema as a resistance.
Corrects at 0.618 fib level.
Facing channel resistance.
DXY:
To confirm this trade, we have to wait for the uptrend breakdown and more price rejection in this area
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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.