We have many confluences for Bearish integrity with USDCAD for at least the next 4 years.
Starting from the weekly time frame, we can clearly see an M formation starting at January 11, 2015.
And moving down to the H4 time frame, our Momentum indicator shows us that price is already at an overbought area, so we can expect price to move to the downside in March.
Our entry at 1.27279 not only lines up with our weekly pivot sell area but also is the same support line that was drawn on the weekly which may become resistance.
Keep an eye on this pair at market open for that sell signal.
Starting from the weekly time frame, we can clearly see an M formation starting at January 11, 2015.
And moving down to the H4 time frame, our Momentum indicator shows us that price is already at an overbought area, so we can expect price to move to the downside in March.
Our entry at 1.27279 not only lines up with our weekly pivot sell area but also is the same support line that was drawn on the weekly which may become resistance.
Keep an eye on this pair at market open for that sell signal.