Shingi_Lesetedi

USDCAD Sell at Resistance

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Price has rallied up to a key resistance trendline level most clear on the weekly chart. On the 4hr we see a rejection candlestick printed near the apex of the rising wedge pattern shown. This could be a short entry signal with a conservative position size. Stops going at 3x the ATR to avoid choking the trade. A break of structure could allow scaling in.

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