selling sentiment on dollar canada

good morning to everyone,

on usdcad pair we see that the market almost hit the previous structure high around 1.308 and bounced down
following a strong bearish pressure and weakening rsi, showing clear bearish divergence.

now, as the market violated 1.3 support zone and ascending trendline, it is a great chance for us to sell the retest of it.
I strongly recommend setting your stop above 1.308.

targets are based on structure.

good luck!

Yorum:

t1 reached