Compelling bearish signals at the top of the range at the sideways resistance line shows investors clearly acknowledged this level as a place for potential downside opportunity. It appears the bulls have been swiped and a new downside agenda is clear. Expecting to see strong lows from this move, with a logical target being the sideways support level, bottom of structure. Crude Oil prices continue to rally, meaning it makes logical sense to consider shorting Canadian dollar crossovers.
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Comments
marcusfx777
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Looks like an opportunity...
TomProTrader
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@Derby, Wasn't so lucky this time, there will be opportunity when price hits the top of structure again.