velmunis

USDCAD at top side resistance

Short
velmunis Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD

CAD pairs are mostly influenced by the price movements in oil market

USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled

The upward trend-line was broken in One hour chart

We can expect short term fall back as its in overbought condition

We can enter at the 1.44700 level which is 78.6% Fibonacci level

Potential take profit will be 1.41750 which is 50.0 % Fibonacci level

In between this level there is major deciding level is there which is 6.8% Fibonacci

Leave your valuable comments below


Trade active:
Our primary entry got triggered now
Trade closed: stop reached
Trade closed manually:
wrongly updated..even before its reaching our entry point it has reached the target level

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