USDCAD Price action is building at the top

Hi there,

USDCAD is struggling for upside and getting strong rejection from top. We are having nice price action on lower time frame. Watch lower time frame correction and look for breakdown.

How you can trade on this chart.

1. There is correction on lower time frame watch for that to breakdown and look for sell.

Or

2. Let the price come close to the previous high and then look for sell.

In case price do not fall and keep pushing for the upside and close above the previous high then it will change the bearish pattern but we will look for sell again. USD is strong across the market we are expecting strong fall on dollar on coming days. If we are going to see big fall on this pair then dont miss the AUDUSD and NZDUSD long.

Good Luck.

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Please support the setup with your likes, comments and by following on Trading View thanks

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