USDCAD Sell Idea
D1 - Price is moving inside multiple channels.
Currently the price is trading in a critical area where two of the channels coincides.
H4 - Two false breaks with bearish divergence.
Wait for the price to move lower and break below the low shown in the screenshot (marked in green line).
We may then look for pullbacks and sells with bearish evidences.
Invalidation: If the price moves higher and breaks above the high at 1.3170 then this setup will be invalidated.
Currently the price is trading in a critical area where two of the channels coincides.
H4 - Two false breaks with bearish divergence.
Wait for the price to move lower and break below the low shown in the screenshot (marked in green line).
We may then look for pullbacks and sells with bearish evidences.
Invalidation: If the price moves higher and breaks above the high at 1.3170 then this setup will be invalidated.
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