VladimirRibakov

USDCAD Short Term Sell Idea

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
D1 - Bearish hidden divergence, we have also have two downtrend line and the price is currently nearing them.

H4 - Bearish divergence

H1 - We have two critical zones that has formed based on the fibonacci expansion levels of the waves we have.

Price has reached the first critical zone we may now look for bearish setups with more bearish evidences in order to start looking for short term sells.

Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences in order to join the short term sells would the second critical zone.

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.