USDCAD - Sell Opportunity

Keep an eye on this area, a lot of reversal criteria in one area (blue box):
- Fibonacci levels
- Fibonacci Extension
- ABC Wave C point
- Trendline retest after the breakout
- Daily and 4H EMA 100
- Previously worked support levels are now resistances
- A bit sloppy channel upper trendline

Definitely, wait for a bearish candlestick formation because the USD looks pretty strong, at the moment!


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Have a great weekend!

Comment:

USD is really strong and through the area like nothing ;) Now, let's wait Daily candlestick patterns, Monday a possible bearish Engulfing and on Tuesday a possible Evening Star if not then this area is invalid!
I'll keep you updated!