USDCAD sell

2 May

The USDCAD sell ideas revolves around 4h and 15m timeframe.

• If the USDCAD reverse to be bullish, then there's a fibb retracement zone in 1.136919 in 4h. There's also a previous resistance that supposed to be a support but has been broken.
  
• In the 15m, the price make a new resistance right below the 4h previous resistance.
  
• The conclusion is, i tend to be bearish in 15m untill the price hits the fibb retracement zone in 4h, then probably bullish again (will see the price reaction tho)