orvilleawright

USDCAD Price structure analysis (1H)

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             Price structure analysis (1H). After a very strong move down I am looking for selling opportunities as price pulls back into the resistance zones market on the chart. There is also confluence with the 50% and 61.8 fib retracement levels. Wait for price action to confirm the reversal. On the 1 hour timeframe I remain bearish while price keeps trading below the 50 SMA .
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