The USDCAD is against Channel Resistance.
Recent Candlesticks are Pinbar / Inside Bar. The present candle is incomplete and so the trade is a suggestion , as we are looking for a Bearish Candlestick with a close below the Mother Pinbar.
This would also be a close below the 50 MAV.
A more conservative approach would be to wait for a break of the RIver to the downside and confirmation of an RSI with Sellers in control.
So 3 trade entry's are on chart , with variable positive RR .
Recent Candlesticks are Pinbar / Inside Bar. The present candle is incomplete and so the trade is a suggestion , as we are looking for a Bearish Candlestick with a close below the Mother Pinbar.
This would also be a close below the 50 MAV.
A more conservative approach would be to wait for a break of the RIver to the downside and confirmation of an RSI with Sellers in control.
So 3 trade entry's are on chart , with variable positive RR .