USD/CAD Short idea
indicators:
1. in Time Frame Daily:
we can see that this pair is in a downtrend following a strong channel and in the past weeks,
we saw that the price reach the top of the downtrend with a Higher low.
2. in Time Frame H4:
we saw the past week, the price broke strong support and giving us a Bearish candle.
3. using Fibonacci Retracements from the beginning of the Bearish movement, I analyzed that
the 50 key level is strong support in the past and im waiting for current respect as resistance for confirmation.
1. in Time Frame Daily:
we can see that this pair is in a downtrend following a strong channel and in the past weeks,
we saw that the price reach the top of the downtrend with a Higher low.
2. in Time Frame H4:
we saw the past week, the price broke strong support and giving us a Bearish candle.
3. using Fibonacci Retracements from the beginning of the Bearish movement, I analyzed that
the 50 key level is strong support in the past and im waiting for current respect as resistance for confirmation.
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