USDCAD sell signal
At the beginning of last week, the price received a strong impulse and broke two resistance lines as a result of a sharp rise.
Then it came to the intersection of two strong resistance lines.
And the last few days "stuck" on them, moving evenly, without noticeable breakdowns or pullbacks
What do we need to know about these lines?
One was formed in March 2020, the second in January.
Together, they provide strong resistance that will prevent the price from rising.
I expect the price to fall. This is a good sell signal.
SL - above the upper resistance line.
TC - from the lower resistance line to the support line.
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Then it came to the intersection of two strong resistance lines.
And the last few days "stuck" on them, moving evenly, without noticeable breakdowns or pullbacks
What do we need to know about these lines?
One was formed in March 2020, the second in January.
Together, they provide strong resistance that will prevent the price from rising.
I expect the price to fall. This is a good sell signal.
SL - above the upper resistance line.
TC - from the lower resistance line to the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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