ThinkingAntsOk

"Top and Bottom Analysis" on USDCAD by ThinkingAntsOk

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
4H Chart Explanation:

- Price is currently on the top of the Ascending Wedge.
- It has potential to move down towards the bottom of it.
- Bearish Divergence on MACD.
- If price breaks the Wedge and the Ascending Trendline at 1,3326, it has potential to move down towards the Support Zone at 1,3122.

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