Hello my dear friends,
USDCAD currently stands in front of resistance and showing withdrawing of bullish momentum which suggests that we very likely would see a bounce back of prices.
So you can use this resistance level with very tight stop-loss and target lower levels.
Of course if prices consolidated and penetrated the resistance level, we will turn into an alternative scenario, and I'll update this idea with more details:
Good luck my dear friends and to be updated...
USDCAD currently stands in front of resistance and showing withdrawing of bullish momentum which suggests that we very likely would see a bounce back of prices.
So you can use this resistance level with very tight stop-loss and target lower levels.
Of course if prices consolidated and penetrated the resistance level, we will turn into an alternative scenario, and I'll update this idea with more details:
Good luck my dear friends and to be updated...
Kommentera:
If prices penetrated the resistance level successfully we will target the higher resistance.