VasilyTrader

selling sentiment on dollar canada

Short
VasilyTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar

good morning to everyone,

on usdcad pair we see that the market almost hit the previous structure high around 1.308 and bounced down
following a strong bearish pressure and weakening rsi, showing clear bearish divergence.

now, as the market violated 1.3 support zone and ascending trendline, it is a great chance for us to sell the retest of it.
I strongly recommend setting your stop above 1.308.

targets are based on structure.

good luck!

Comment:
t1 reached

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