USDCAD
Shot term bearish idea for the pair
Pair is moving in 1D upward parallel channel, made a double top and retraced to 0.618 FIB level.
If it doesn't bounce back from current price, then probability to continue downward in channel is too high.
so I am bearish biased for short term with Target Price of 1.27696 and stop loss above 1.29250
Best wishes for Trade
Shot term bearish idea for the pair
Pair is moving in 1D upward parallel channel, made a double top and retraced to 0.618 FIB level.
If it doesn't bounce back from current price, then probability to continue downward in channel is too high.
so I am bearish biased for short term with Target Price of 1.27696 and stop loss above 1.29250
Best wishes for Trade