Saravan
Short

USDCAD nearing triangle resistance - Short term sell

FX:USDCAD   U.S. Dollar/Canadian Dollar
85 0 1
Hello traders,

This pair is forming a triangle on daily chart , which I believe will be broken upside eventually. But for now I will be looking to sell this pair near 1.3100 which is the confluence of previous structure support and 78.6 and 88.6 fib level.
This trade will be short term, the eventual break to the upside may happen if FED decides to hike rate on 21st.

Good Luck!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out