USD/CAD RERACEMENT IN BEARISH MARKET
this pair changed from an uptrend to downtrend on December 2019 and following the channel, this are my signals
1. Price reaches the bottom of a downtrend, giving us the chance to catch the retracement.
2. By Fibonacci retracement, we can expect, respect into the key level 61.8 ( this level is a strong pivot point in the past).
3. in time frame 1H,2H based on the indicator MACD: the buyers are crossing lines with the sellers already.
AFTER this trade I would be waiting to enter again in the downtrend following the channel.
1. Price reaches the bottom of a downtrend, giving us the chance to catch the retracement.
2. By Fibonacci retracement, we can expect, respect into the key level 61.8 ( this level is a strong pivot point in the past).
3. in time frame 1H,2H based on the indicator MACD: the buyers are crossing lines with the sellers already.
AFTER this trade I would be waiting to enter again in the downtrend following the channel.
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