SHORT trade analysis on USDCAD.
Graph is looking bearish from resistance area to support zone. Price completed Double Top formation and is about to fall again. We may see retest on Neckline as well but not necessary. Bearish Engulfing Candle also indicates sell on the chart. On chart is clearly seen Regular Bearish Divergence as well confirming price fall. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from resistance area to support zone. Price completed Double Top formation and is about to fall again. We may see retest on Neckline as well but not necessary. Bearish Engulfing Candle also indicates sell on the chart. On chart is clearly seen Regular Bearish Divergence as well confirming price fall. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
