FUNTRADER-Vera

1504 4H PLAN USDCAD SELLING SIGNAL ON DAILY CAHRT

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello traders,

USDCAD is on our weekly selling list for a while. Now after WTI making a strong up swing and hit all our last targets on Wednesday, USDCAD seems to start to move very soon too.
So check on this daily chart for USDCAD, it is still running inside the downtrend channel. But it stay a while in the red zone where you can find out lots of price overlap.By approaching the upper band of the channel, price be rejected again and make a bearish signal on daily chart now. Check on 4h chart, you could also find out more clues like broken trend line and sideways and now moving beneath average band.

Please keep eyes on this pair on 4h chart. And this is a plan that could last till next week.

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Good luck!
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