Hellow Traders.
At present, I have a short outlook on USDCAD . I am not, however, completely bearish , I have some reservations--- but, should price breakout "decisively" from the rising trendline , then I am completely bearish!
On switching to D1 timeframe, it looks like bulls are facing a resistance than the pair is in a consolidation. Thus, a probable nosedive may ensue.
Othwerise, let market dissolve all doubts.
All the best!
At present, I have a short outlook on USDCAD . I am not, however, completely bearish , I have some reservations--- but, should price breakout "decisively" from the rising trendline , then I am completely bearish!
On switching to D1 timeframe, it looks like bulls are facing a resistance than the pair is in a consolidation. Thus, a probable nosedive may ensue.
Othwerise, let market dissolve all doubts.
All the best!
Trade active
Trade closed manually:
My view changed from bearish to bullish. See related idea.
