This USDCAD trade idea is posted solely on basis of Elliot wave theory and we are planning to catch wave 5 on downside. Currently the price is exactly in the resistance zone marked and we can expect reversal as RSI is also getting overbought. So if it suits your trade plan , plan your risk reward and enter short in USDCAD.
Hit Likes if you agree....Thanks for your Support... Happy Trading !
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.