AidenJFX

USDCAD - Downtrend update 05/04/2020

FX:USDCAD   U.S. Dollar / Canadian Dollar
As we can see from my analysis on the USDCAD pair, the trend lines are meeting which could lead to a potential drop to our next S/R zone. Once we have reached this zone i would expect to then rise back to our trend line before making a further drop .
We would have to wait on confirmation from the opening 4 hours from the Market however this is a really good sell set up by the looks of things.
Two targets.
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