USD/CAD Testing resistance, time to sell?
On this chart we can see a Double top formation. To trade this pattern I will wait for the completion of a candlestick pattern. Price has formed this pattern at resistance, which is shown by the 50 day moving average.
The target on the chart is only my first target, and I will be looking to trade a longer term move in the Canadian dollar. If interested I can post a Weekly and Monthly chart showing my eventual targets and how I will trade this pair.
The target on the chart is only my first target, and I will be looking to trade a longer term move in the Canadian dollar. If interested I can post a Weekly and Monthly chart showing my eventual targets and how I will trade this pair.
