USDCAD nearing triangle resistance - Short term sell
Hello traders,
This pair is forming a triangle on daily chart, which I believe will be broken upside eventually. But for now I will be looking to sell this pair near 1.3100 which is the confluence of previous structure support and 78.6 and 88.6 fib level.
This trade will be short term, the eventual break to the upside may happen if FED decides to hike rate on 21st.
Good Luck!
This pair is forming a triangle on daily chart, which I believe will be broken upside eventually. But for now I will be looking to sell this pair near 1.3100 which is the confluence of previous structure support and 78.6 and 88.6 fib level.
This trade will be short term, the eventual break to the upside may happen if FED decides to hike rate on 21st.
Good Luck!