USDCAD Watch top for price action for sell

10 nov 2018

Hi there,

USDCAD is pushing for upside within the corrective ascending channel and testing the top of the channel. It is at a crucial area where we can see strong fall on USDCAD.

Watch top for price action and look for sell and watch for the channel to breakdown sharply and keep selling upto the previous bottom. If price do not fall hard and hold the channel again from bottom then take off and look for short term buy and look for sell again from top. As long as price will stay in the channel we are looking for reversal. Sharp and clear breakup will invalidate the sell setup and price will continue for further upside and will change the sell setup.


Good Luck.

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