Potential USDCAD SELL setup
Aggiornato
Confirmed DOWN structure on the 2H time frame.
Currently a short-term uptrend is on going, acting as a structural retracement.
Wait for counter-trend line break and, if confirmed, you can SHORT the market with STOP LOSS above previous RESISTANCE level and profit target just before the support level shown in the chart.
Technical risk is that the market daily long term uptrend can resume, starting a new series of HH/LH.
Good luck!
Currently a short-term uptrend is on going, acting as a structural retracement.
Wait for counter-trend line break and, if confirmed, you can SHORT the market with STOP LOSS above previous RESISTANCE level and profit target just before the support level shown in the chart.
Technical risk is that the market daily long term uptrend can resume, starting a new series of HH/LH.
Good luck!
Nota
The pair is now testing the resistance. Stay tuned...
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