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USD/CAD SHORT FROM RESISTANCE

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USA-dollar/Kanadensisk dollar (FX:USDCAD)  
EliteTradingSignals Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usdcad short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.350 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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We are seeing a good move already so we will keep the trade running!
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