USDCAD - Sell Opportunity

The price could not stay above the daily downtrend line and moved below it. The market is going to reverse based on the hourly timeframes and it's a good opportunity for selling. RSI and MACD lines support the downward movement. DMI becomes bearish. These signals allow us to open short trades. If the price breaks 1.34000 support level, it will be an additional confirmation that the market will move lower. The breakout signal can be used for selling. Stop orders must be placed above the downtrend line. Profit targets should be at the support levels.