USDCAD Short idea
USDCAD is bearish since September, last week it closed with a nice retracement almost touching the 0.618 Fib level (1.27535) which is also in conjunction with the major down trendline, we can now expect price to move down again giving us a nice Short position, anyway I suggest to keep a close eye to the strong resistence level we have around 0.786 Fib level (1.27872), price might move a bit higher before eventually going down again.
Hope you liked this idea! Good trade week everybody!
Hope you liked this idea! Good trade week everybody!
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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.