Fxprotrader

USDCAD: Key Level To Watch For A Sell Setup

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
In my previous post on USDCAD i described the potential of a big move to the down at the retest of the broken slide parallel of an upslope median line. Price after reaching that level it dropped for over 125 pips (NFP news). We now have another sell opportunity ahead, but we should be a little patient waiting for price to reach in a corrective structure the upper parallel of a the median line of the chart.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.