USD/CAD- SELL
Updated
A Weekly resistance has been reached and the the Weekly Downtrend channel is meeting also in the point, so a very strong sell position been made in here. As per my analysis it is a sell for me, any suggestion on this is welcome.
Note
The smaller upper trend has been hit, so i would suggest on this that every position should be squared off at the price cause there is a chance of breaking downwards the trend line or may go up respecting the trendine. So its better of to avoid trading till new trend emerges. Always book profits and cut losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.