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Newplanettrading

USDCAD bearish view

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Newplanettrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Multiple Time Frame Analysis Trend Lines USDCAD
1
0
fibonacci mtfa trendline usdcad
Reasons for potential short
1. daily trendline 3rd tap
2. 4H EMA resistance
3. counter trendline broken en retested
4. daily fib 61.8 tapped, 4 hourly fib 50 tapped
(5. currently below psychological level 1.3100, if we can remain here.)

Reasons for longs
1. strong weekly support zone
2. ...
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