USDCAD is Retesting the structure resistance level on daily chart. Potential trend continuation expected as price action retest the structure and then go lower. The idea is to go short for trend continuation trade with stops above the resistance levels. Targets can be Fib 38.2 and 61.8 of the rally. Aggressive traders can stay in trade with trailing stops as the price action can break previous lows.
This is just my analysis. Any suggestions or different analysis is welcomed.
Happy Trading!!
This is just my analysis. Any suggestions or different analysis is welcomed.
Happy Trading!!
