TokyoForex

USDCAD DAILY Sell after trend breaks

FX:USDCAD   U.S. Dollar / Canadian Dollar
1) Price has been in a general downward trend since JANUARY last year. #trendtrader
2) Price is coming to the roof downward wedge and we may see a reversal.
3) It has also reached 78% point of the Fib retracement and it may see resistance
4) The RSI is also coming to the overbought area but hasnt quite reached it yet

Comfirmation
1] If we see the price break the uptrend trendline , this may comfirm downside movement
2] A retest of this upward trendline would comfirm it more
3] Will be waiting for the close of the daily candle and more price action before taking action

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