The price action has successfully attained a remarkable level on the daily timeframe, warranting careful attention from forex traders. It is imperative to acknowledge that subsequent to the recent loss in momentum, there exists a strong likelihood of a bullish surge in the price, potentially providing lucrative trading opportunities in the market.
Short USDCAD at key resistance level. Stop loss above resistance level. Target at previous swing low. Use technical analysis tools to identify resistance level and confirm with other indicators. Manage risk and stay updated on fundamental factors.
