#USDCAD: Weakness At Highs, Downside Correction Likely! #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
113 1 9

Gap up open today on this pair is showing a quick downside move right away from the opening price. Clear weakness at the sideways resistance and investors have acknowledged this. Closing at the lows of the day would provide a great opportunity to seek downside. This is also a signal to take profits if on the long side of this particular trade. It seems logical to assume if price breaks down, first target is sideways support. A break below this could signal a bearish impulse leg, where strong lows could potentially be seen in the future.

I hope you have a tested trading strategy to trade this move when it starts

Thanks for your support

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Great Tom, similar to my opinion! Looking more down- then upside for me...

let's see :)
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