USD/CAD – Wait for this before going short by ThinkingAntsOk
U.S. Dollar/Canadian Dollar FX:USDCAD
4H CHART EXPLANATION:
🔸 Price has reached a Major Resistance Zone , and was rejected there.
🔸 We consider it has bearish potential.
🔸 The target of the downside move is the first Support Zone , and, if it is broken, then the next one.
🔸 We will look for a lower timeframe bearish setup only if the Ascending Trendline is broken.
DAILY CHART ANALYSIS: