After USDCAD has been moving in a downtrend, it has paused a bit to retrace to a resistance which touched the trendline and a major level which it was resisting for quite a long time, I am looking forward to selling this currency pair on Monday for a long term trade but I will first have to wait for a good price on lower time-frames...But overall I think it's still continuing with its Bearish trend
anyways we never know where the market will head on Monday but all the best if you decide to take this trade
- The MACD supports this
- The resistance level
- The Bearish/Downtrend movement
- The last closing candle on the resistance was a 1D bearish candle, a Bearish pin-bar
anyways we never know where the market will head on Monday but all the best if you decide to take this trade