Analytiqfx

USDCAD - Intraday + Swing Trade

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Heading towards the top of the ascending channel on USDCAD , multiple confluences including prev resistance & possible double top forming on Daily TF therefore I believe we could have a great sell opportunity around the 1.37500 level. We are in a strong uptrend however we are over extended and have a lot of 'empty space' to fill below. Looking at the smaller time frames we can see a triangle pattern forming which has set up for another sell opportunity providing we break towards the downside. Great RR on both setups.