💡Don't miss the great sell opportunity in USDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2537).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.2459
TP2= @ 1.2430
TP3= @ 1.2400
TP4= @ 1.2357
TP5= @ 1.2289
SL: Break Above R2
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