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USDCAD - SHORT

Oleh mmackk
The price has reached a point of a possible continuation of the downward channel. The price tried to break the channel but immediately got rejected by a bearish candle and the RSI shows a downward momentum. We look for a confirmation for reversal, BUT we have to keep in mind the strong resistance level at 1.36400. We will have a SL just above the structure in order to be ready for the possibility to reach the 1.36400 level and create divergence.
Chart PatternsTechnical AnalysisTrend AnalysisUSDCADusdcadshortwaveanalyisWave Analysiswaves
mmackk

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