Usdcad has being in a downward trend in bigger timeframe from weekly all the way to h1 timeframe
1. we are seeing creation of ''lower highs'' and ''lower lows''
2. H1 and H4 price is in consolidation btn the high and low of downward trend
3. As oil price increase we shall see the demand for cad rise
4. Price is currently rejecting the resistance level of previous lower highs
5.we need price to break structure in lower timeframe for short!!
1. we are seeing creation of ''lower highs'' and ''lower lows''
2. H1 and H4 price is in consolidation btn the high and low of downward trend
3. As oil price increase we shall see the demand for cad rise
4. Price is currently rejecting the resistance level of previous lower highs
5.we need price to break structure in lower timeframe for short!!
Comment:
take partial profit . let the rest run towards the target
