USDCAD potential pullback with bearish deep crab right at 3.618%
USDCAD has been rallying strongly and hit a past resistance level forming a nice bearish deep crab. D extension formed at almost pip perfect 361.8% of BC
On the two hour chart, a hammer was was formed a few candles back.. As I am a bit late, I will wait till next RSI overbought for confirmation to enter a short trade.
Stop at 15 pips above D and take profit at the next support level indicated by the rectangle box.
On the two hour chart, a hammer was was formed a few candles back.. As I am a bit late, I will wait till next RSI overbought for confirmation to enter a short trade.
Stop at 15 pips above D and take profit at the next support level indicated by the rectangle box.