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YertuntsTrader

USDCAD ! Trading in descending channel, short trade idea.📉

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
YertuntsTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadlong usdcadforecast usdcadanalysis DXY supportandresistancezones priceactionanalysis Trend Line Break
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadlong usdcadforecast usdcadanalysis dxy supportandresistancezones priceactionanalysis trendlinebreak
USDCAD ended yesterday with a strong rejection after checking the level of 1.37460. Currently, opening a short trade is high risk because trading is at the support level. We need to wait make a lower high again, you should enter short trade / wait for bearish action price/. If USDCAD can make a new lower low, it's expected to down.
Trade closed: target reached:

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