USDCAD Sell Idea
in this pair my long term view is still bearish.
W1 - Suggests down moves.
However we are still moving inside a channel and price just bounced from it.
We can see it back on top, until 1.3550 level is holding we will be looking for sells.
H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level.
Price is already inside the sell zone (23.6% - 38.2% Fibonacci expansions zone).
So starting from here, up to the trendline, we can look for sell opportunities.
W1 - Suggests down moves.
However we are still moving inside a channel and price just bounced from it.
We can see it back on top, until 1.3550 level is holding we will be looking for sells.
H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level.
Price is already inside the sell zone (23.6% - 38.2% Fibonacci expansions zone).
So starting from here, up to the trendline, we can look for sell opportunities.
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