Near resistance and now selling pressure ensues
right shoulder formed. now down we go
found key levels and price reacts to the levels. shorted now and take profit is next key level
Price looks bearish. Sold from high and going to add positions
rejection appeared and now sellers have taken control. I am short until the support area
Multiple confluences to support the short idea. 1. Ascending triangle at the edge of the major channel 2. Channel Resistance 3. MACD Divergence 4. 786 Fibonacci retracement lines up with channel resistance
USDCAD looking pretty good right about now. Will wait for signs of reversal and then enter. Looking for atleast 200pips.
Keep a close eye on the drop and enter on reversal for the upside.
Waiting for the move up to complete and then will be looking to short. Looking for 300pips.