short trade in USDCAD
We are overbought territory in 4hour ,RSI, just shy of 80. Stochastics are slightly diverging.
Look to sell around 134.70/74 area and look for a retarcement of 50% to 133.64 , which coincides with todays PIVOT area. USe a stop at recent high of 135.33. Also stocks should continue to the downside and dollar should sell off. Furthermore technicals look good for a bounce in OIL from 51.80 back through 52.80 at least ...this all will help USDCAD sell off.
thanks for looking
Look to sell around 134.70/74 area and look for a retarcement of 50% to 133.64 , which coincides with todays PIVOT area. USe a stop at recent high of 135.33. Also stocks should continue to the downside and dollar should sell off. Furthermore technicals look good for a bounce in OIL from 51.80 back through 52.80 at least ...this all will help USDCAD sell off.
thanks for looking
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