NickCoulby
Short

USDCAD offering a potential daily 3.5R short

FX:USDCAD   U.S. Dollar / Canadian Dollar
226 1 9
USDCAD             has had an impressive run up last week, but may be countered shortly with hard selling. Price is under 50 pips away from both huge daily mode resistance from the prior uptrend and a 4hr mode detach price projection. These two confluence levels, coupled with both overbought CCI and bearish/diverging RgMov (trend indicator), could warrant some key selling pressure to the 1.3015 level, which is a relevant daily mode level. GL!
Should be an interesting short overall.
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