Intro: USDCAD is testing major resistance and is at a great level to sell from.
Sell below 1.2908. Stop loss at 1.2983. Take profit at 1.2731. Reason for the trading strategy (technically): Price is now testing major resistance at 1.2908 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price back down towards 1.2731 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Why trade against the trend? This is why you don't.
dlau
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This is why you should not listen to other peoples signal calls
Do your own calculations to whether take trade or not
AND @MEX_Exchange: Stop posting your signals because others will complain you making them lose money, keep your opinion to yourself and stop posting your ideas