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UnknownUnicorn3740956

SELL USD/CAD LONG-TERM TRADE IDEA

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
UnknownUnicorn3740956  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadanalysis tradingsignals tradingview usdcadforecast usdcadsell usdcadsignal
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadanalysis tradingsignals tradingview usdcadforecast usdcadsell usdcadsignal
After USDCAD has been moving in a downtrend, it has paused a bit to retrace to a resistance which touched the trendline and a major level which it was resisting for quite a long time, I am looking forward to selling this currency pair on Monday for a long term trade but I will first have to wait for a good price on lower time-frames...But overall I think it's still continuing with its Bearish trend

  • The MACD supports this
  • The resistance level
  • The Bearish/Downtrend movement
  • The last closing candle on the resistance was a 1D bearish candle, a Bearish pin-bar

anyways we never know where the market will head on Monday but all the best if you decide to take this trade
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