POSSIBLE CC SHORT OPPORTUNITY AS I SEE A VERY HEAVY LEVEL OF RESISTANCE.
Scenario 1. CC will fall down to SL until it's meet Fibbonaci 0,382 if it past through that it means it will still go on until 0,618.
Scenario 2. CC will still fall down until SL and then make a rebound for a while and will go down trend cause in the fibonaci it is already high and on RSI is on overbought.
MANAGE YOUR RANGE RISK ACCORDINGLY ON YOUR OWN, IT IS MY OPINION IF IT OPPOSITE FROM THE PREDICTION, DO NOT BLAME OTHER.
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The CC forecast Balance Trade news come out positive so don't take position yet cause it can break the resistance line
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My prediction come out true, it's falling down cause of the negative news on Canadian dollars, happy pips taking guys!