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FreeForexSignals4u
Jun 18, 2021 5:28 AM

Would prefer a sell USD/CAD Short

U.S. Dollar/Canadian DollarFXCM

Description

We are currently testing the declining trendline on the daily chart which is from the second peak of a double top. A break back through the trendline should see a return to the support and eventually a breakthrough for a longer-term downtrend. However, a break above the trendline will give opportunities for a buy if it then sees the declining trendline act as support and makes a new high. I am favouring the sell as marked on the chart.
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