USDCAD Sell Idea
in this pair my long term view is still bearish.
W1 - Suggests down moves.
However we are still moving inside a channel and price just bounced from it.
We can see it back on top, until 1.3550 level is holding we will be looking for sells.
H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level.
Price is already inside the sell zone (23.6% - 38.2% Fibonacci expansions zone).
So starting from here, up to the trendline, we can look for sell opportunities.
W1 - Suggests down moves.
However we are still moving inside a channel and price just bounced from it.
We can see it back on top, until 1.3550 level is holding we will be looking for sells.
H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level.
Price is already inside the sell zone (23.6% - 38.2% Fibonacci expansions zone).
So starting from here, up to the trendline, we can look for sell opportunities.
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.