USD/CAD Short Setup: Selling at 1.3635
We're planning to enter a short position on USD/CAD at 1.3635 zone, aligning with the 50% Fibonacci retracement level.
The trend of lower highs is prominent, with resistance near 1.3670. The short-term RSI is declining, indicating reduced bullish momentum.
Confirmation of bearish momentum will be seen if the price breaks below 1.357 . Our target for this move is 1.356.
The overall trend remains bearish as the price trades below the 100 EMA. We'll monitor closely for the optimal entry
The trend of lower highs is prominent, with resistance near 1.3670. The short-term RSI is declining, indicating reduced bullish momentum.
Confirmation of bearish momentum will be seen if the price breaks below 1.357 . Our target for this move is 1.356.
The overall trend remains bearish as the price trades below the 100 EMA. We'll monitor closely for the optimal entry
Trade active:
Price hit our entry and went down to 1.36 which is 35 pips , secure profits or change stop loss your sell entry.