USDCAD SELL OPPORTUNITY COMING SOON... RETURN OF THE BEARS

3 Mei 2020

USDCAD sell coming as it is close to approaching a key resistance level. Possible reversal coming once again (seen on higher time frames). There can be two outcomes for this trade, it either reverses at 1 (.41) or 2 (.42). If you're uncertain about TP target, set TP to .398, but essentially the target is .386. The entries for trades 1/2 have been determined using fib retracement at a lower time frame to ensure entry is good enough and RR ratio is maximized. My last analysis for this pair (which can be seen on my account) was 100% accurate and exceed expectations, therefore there is certainty in this trade. This is definitely a pair to keep your eye on.