USD/CAD – Wait for this before going short by ThinkingAntsOk

U.S. Dollar/Canadian Dollar FX:USDCAD

ThinkingAntsOk

4H CHART EXPLANATION:
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🔸 Price has reached a Major Resistance Zone , and was rejected there.
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🔸 We consider it has bearish potential.
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🔸 The target of the downside move is the first Support Zone , and, if it is broken, then the next one.
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🔸 We will look for a lower timeframe bearish setup only if the Ascending Trendline is broken.

DAILY CHART ANALYSIS:

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