USDCAD Watch for a Sell Setup at Key Resistance

Looking to my daily downsloping pitchfork, we may see that price has reached the sliding parallel of the median line where arleardy we have a good rejection. Switch to the lowertimeframs and watch for a sell setup completion in order to sell USDCAD.

Kommentera:

Price reversed from the sliding parallel and dropped as expected. It's now in a correction which when it ends most likely it will continue to the down. I have posted a buy setup opportunity which works fine till now. But this is a short term trade setup. Overall I expect the price to continue dropping.