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UsmanFarouk

USDCAD is likely for a bearish reversal on 1H timeframe

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
UsmanFarouk  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
USDCAD was in upward trend printing HHs and HLs on 1H timeframe. However, RSI indicates a bearish divergence on the same timeframe. Accordingly, a short entry has been planned on break of previous HL. SL and TPs have been marked on chart accordingly. Support Zones are also marked for maintaining a cautious watch when price is moving near these levels for possible bullish reversal and booking profits then and there.
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