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EliteTradingSignals
Apr 12, 2023 12:14 PM

USD/CAD SHORT FROM RESISTANCE Short

U.S. Dollar/Canadian DollarFXCM

Description


Hello,Friends!

USD/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.344 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CAD pair.

✅LIKE AND COMMENT MY IDEAS✅
Comments
UnitedSignals
I agree with that
AnabelSignals
Good trading idea, pal!
jpeacockfx
Great work! Keep it up!
ProSignalsFx
Thank you!
JoeChampion
I agree on USD weakness against commodities, keep it up!
ArmanShabanTrading
Very well done.
TradingShot
Great entry point, thanks for the suggestion, we will surely look more into it.
EliteTradingSignals
What are your thoughts on USD/CAD?
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