USDCAD: Opportunity to sell @ key level, reaction and fibo level
There are multi reasons to sell this pair:
1/ The bull trend is the 2nd corrective wave of the bear trend line @ level of 76.4 and 61.8 ( this wave can retract 100% wave 1)
2/ There are too many level of buyer there.
3/ Price seem to reach the reaction line if we draw a central line from the top of the bear trend.
4/ Price action form a pin bar in 1H.
Short this pair with 5.9 ratio!
1/ The bull trend is the 2nd corrective wave of the bear trend line @ level of 76.4 and 61.8 ( this wave can retract 100% wave 1)
2/ There are too many level of buyer there.
3/ Price seem to reach the reaction line if we draw a central line from the top of the bear trend.
4/ Price action form a pin bar in 1H.
Short this pair with 5.9 ratio!