Price of usdcad is consolidating after price opened bullish leaving a price gap on monday morning, currently price of usdcad is moving in a bearish channel with price showing rejection from top trendine of channel where price touched and reversed from a resistance trend line on daily close. Price is expected to refill gap at 1.3i3 level where a bearish trend below this level confirms our bearish signal assumption. Traders can sell after trade confirmation after breakout of 1.313 region and a retest of level occurs with takeprofit 1 and 2 at 1.30631, 1.3040 consecutively stoploss at 1.31900 and entrypoint at 1.31 region for 120pips . goodluck
Trade closed: target reached:
takeprofit1 achieved.