oladiamonds

USDCAD August 20 Analysis

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
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3
USDCAD (PipsPayTheBills):

There has been Tripple Tops hit on the Zone A at the resistance. This gave us 70 pips down to the support C on our channel and major support zone .

We await price action movement before entry.
If price breaks the Channel and Zone C downwards and retest the zone as resistance, we can enter a short trade.

This will also be a break of our bearish fractals which gives us a higher probability.

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