Bunch of clues on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi guys,

as you can see i'm planning to short USDCAD soon because we've a lot of clues that point in the same direction. First, we have structure looking left (that's a daily level) and that coincides with a psychological flat number (1,29) that could act as resistance too. On the 4hr timeframe you can see we've already completed an AB=CD pattern right in that precise spot, with RSI in overbought condition. As of now, price has created a nice reversal candlestick formation and it's now pulling back where i'm expecting to buy. Order placed at the black line, stops above resistance, targets as shown.

If you have any ideas, comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
I think we will go up again and break the 130 area but looking for price to come a little lower to the mid 127 area 1st
Ooooww, are we about to see the end of this pair's crazy bullish run?? There's divergence at the end of the RSI too. Keeping an eye on this.

I spotted a harmonic on this pair too. Zoom out to the 1day/week view
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