FX:USDCAD U.S. Dollar / Canadian Dollar
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.
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.