Fxprotrader

USDCAD Potential Sell Opportunity

Short
Fxprotrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Price is moving up in a sideaways forming an ending diagonal pattern. In MACD we have a big bearish divergence which shows that we mights soon have a reversal. We should keep an eye for a breakout below the lower bond of the pattern and watch for a sell setup before going short with this market.
Comment:
Breakout of wedge, retrace to test the broken level and boom..!
Watch my new post now about USDCAD..
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