USDCAD SELL

Hi Traders,

We have sold USDCAD for many reasons.

As per the graph, this pair broke out and retested the ascending trend line. This pair is respecting our Fibonacci levels which is also a key area of resistance. This pair is also trading within a weekly descending trend line as per the graph acting as strong resistance. We can see on the daily chart, RSI confirms that this pair is over-bought. Also, on the 4 hour chart, RSI is bearish again confirming our sell position. We should now see an impulse to the downside.

If you would like to join trading group send us a message.

Happy Trading :)

Regards,
TraderX Academy