USD/CAD trade idea

29 Nis 2017

I believe we are at a major turning point for this pair technically. If you look at the monthly chart you'll notice strong resistance at 1.37 and 1.40 (highlighted in yellow). Accompanying this with a strong channel (blue channel) on the Daily time frame with price forming a nice pin-bar at the last close. Waiting for confirmation but chances are I'm a seller sooner than later.