olly48

USD/CAD Short From Resistance

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
This has retraced nicely to the point I marked out in my previous analysis for the pair. This is a good shorting entry to the target of 1.22500 with SL just above the resistance level . MACD is still below 0 so that signifies this is still bearish and EMA's are very close to crossing but I expect this to drop from here.

Comments

Hmm I think it can drop once more but I’m looking for longs. What do you think?
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Yes ok.
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agreeeeee 🔥
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