USD/CAD BEARISH BIAS RIGHT NOW| SHORT Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 22, 2023 8:58 AM

Hello,Friends!

The BB upper band is nearby so USD/CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.309.

✅LIKE AND COMMENT MY IDEAS✅

Comments

EliteTradingSignals

⋅ Jul 22, 2023 8:58 AM

What are your thoughts on USD/CAD?

Setupsfx_

⋅ Jul 23, 2023 9:45 AM

Excellent analysis

JoeChampion

⋅ Jul 23, 2023 5:10 AM

I'm looking for a similar trade, thx!

UnitedSignals

⋅ Jul 22, 2023 7:47 PM

I like it

InkyGrip

⋅ Jul 22, 2023 9:28 AM

I agree with your short position