USDCAD looking bearish in the near term ahead of NFP
As we can see price broke out of the ascending trendline with a strong bearish candlestick which is our confirmation for the sell. Currently price is forming a flag pattern correction which I believe it has the potential to go lower until the marked zones.
From our RSI we could see currently this pairing is in a sell zone (below level 50). We could take this as majority people are in a sell position.
We can look for a short in USDCAD.
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From our RSI we could see currently this pairing is in a sell zone (below level 50). We could take this as majority people are in a sell position.
We can look for a short in USDCAD.
Drop a comment below if you wish to learn trading together and join my trading community, all the classes here are totally free of charge!
Everybody is welcomed to join us!
LEARN . TRADE . EARN