USD/CAD Short Setup: Selling at 1.3635

We're planning to enter a short position on USD/CAD at 1.3635 zone, aligning with the 50% Fibonacci retracement level.
The trend of lower highs is prominent, with resistance near 1.3670. The short-term RSI is declining, indicating reduced bullish momentum.
Confirmation of bearish momentum will be seen if the price breaks below 1.357 . Our target for this move is 1.356.
The overall trend remains bearish as the price trades below the 100 EMA. We'll monitor closely for the optimal entry

Trade aktif:

Price hit our entry and went down to 1.36 which is 35 pips , secure profits or change stop loss your sell entry.